Instrumentation export pick-up introduction

Instrumentation exports rebound
In the first five months of 2010, the export speed of instruments and meters accelerated, and the added value of the equipment industry increased by 21.8%, down 1.2 percentage points from the previous month and 12.1 percentage points year-on-year. From January to April, the added value of the equipment industry increased by 25.3%. According to reports, from January to April, the added value of the equipment industry increased by 25.3%, of which the transportation equipment manufacturing industry increased by 33.9%, the contribution rate to the equipment industry growth reached 51.3%; the general equipment and special equipment manufacturing industry increased by 22.8% and 19.8% respectively. The year-on-year growth rate was 16.4 and 8 percentage points respectively; the instrumentation and cultural office equipment manufacturing industry rebounded rapidly, and the added value decreased from 2.3% in the same period last year to 16.7%.
Exports gradually recovered to the same level in 2009. From January to April, the export delivery value of the equipment industry increased by 25.6% year-on-year, an increase of 4.9% over the same period of 2008, including an increase of 30.9% in April, an increase of 2.9 percentage points from the previous month. According to customs statistics, in January-April, the export of mechanical and electrical products was US$260.3 billion, a year-on-year increase of 31.3%.
The production of investment products maintained a relatively fast growth rate. In April, the output of cranes, excavators and loaders increased by 22%, 47.6% and 42.5% respectively. The output of cement, refining and chemical special equipment increased by 71.1% and 104.1% respectively. The metal cutting machine tools and forming machine tools increased by 31.1% and 47.1 respectively. %.
Automobile production and sales still remain high. According to the statistics of China Association of Automobile Manufacturers, in April, the national automobile production and sales volume reached 1.56 million units, an increase of 34.6% and 34.4% respectively. From January to April, the total production and sales volume of automobiles reached 6.12 million and 6.17 million, respectively, an increase of 63.8% and 60.5%. Sales growth of passenger cars of 1.6 liters and below is lower than the industry level. In April, sales of passenger cars of 1.6 liters and below were 737,000 units, a year-on-year increase of 24%. Sales volume accounted for 67% of total passenger car sales, down 2 percentage points from March. Exports rebounded slightly but remained low. According to customs statistics, the number of auto exports in April was 40,868 units, an increase of 2,217 units from the previous month, a year-on-year increase of 62.1%, but still 45.5% lower than the single-month high (December 2007).
Shipbuilding industry production continued to grow, and orders for new ships were improved. From January to April, the national shipbuilding completion volume was 18.6 million DWT, a year-on-year increase of 94.9%; the newly-accepted ship order volume was 12.77 million DWT, a 12-fold increase over the same period of last year; as of the end of April, the hand-held ship order volume was 184.58 million DWT, Handheld orders fell 1.9% at the end of 2009. The national shipbuilding completion volume, new orders, and hand-held orders accounted for 39.1%, 47.2%, and 37.8% of the world market share, respectively.
Agricultural machinery production has declined. In April, the output of large and medium-sized tractors decreased by 44.6% and 14.7% respectively, the output of small tractors increased by 10.3%, the harvesting machinery of crops decreased by 17.2%, and the harvester decreased by 40.9%. The output of on-the-job machinery was the same as that of the same period of last year. As of April 30, the provinces (autonomous regions and municipalities) have implemented a central subsidy of 4.05 billion yuan, subsidized 777,000 sets of agricultural machinery, and benefited 670,000 farmers. The demand for agricultural machinery such as power machinery, harvesting machinery and tillage machinery is large, and the use of subsidies is 2.59 billion yuan, accounting for 64% of the subsidized funds.
Overall, the export speed of instruments and meters increased in May 2010.