China machinery growth driven by smart tech

Smart technologies and advanced manufacturing have contributed to the growth of China's machinery industry in the first half of 2026. Major machinery companies with annual revenues exceeding 20 million yuan experienced a year-on-year growth of 6.4%, surpassing the growth rates in the industrial and manufacturing sectors by 1.0 and 0.8 percentage points, respectively. Additionally, the revenues of these companies increased by 6.5%, reaching 16.1 trillion yuan during this period, with the production of 80 out of 127 key products growing. The intelligent equipment industry saw a 16.7% increase in added value, and smart manufacturing tools such as robots and 3D printers experienced value-added growth ranging from 25% to 48.5%. Machinery tool profits also saw a notable rise of 89.2%, with expectations of continued stable performance throughout the rest of the year, supported by policies aimed at boosting domestic demand and shifting toward high-quality smart production.

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