Despite the world recession, China still maintained growth in machinery production in 2009. Although there was a dip from the incredible growth rates of the preceding years, output still grew, according to IMS Research. In almost every other country there were steep declines. Growth in China is predicted to increase in 2010, without quite reaching the 20% growth seen before the economic downturn. Continued growing domestic demand, higher levels of disposable income and large government investment, are supporting this return to stronger growth in Chinese machinery production.
China Leads Machinery Production Growth
Other countries also recover
- October 13, 2010
- 17195 views
China Leads Machinery Production Growth
Graduated in political sciences and international relations in Paris, Anis joined the team in early 2019. Editor for IEN Europe and the new digital magazine AI IEN, he is a new tech enthusiast. Also passionate about sports, music, cultures and languages.
