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MIIT: Equipment industry value added up 7.1% in first three quarters
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The Ministry of Industry and Information Technology, at a press conference held by the State Council Information Office, reported that in the first three quarters the value added of the equipment industry grew 7.1% year on year, contributing 26.6% to industrial growth. Chief Engineer Wang Weiming said the equipment industry's role as a "ballast stone" continues to be consolidated. In terms of high-end equipment output, industrial robots, CNC machine tools and new energy vehicles grew 29.1%, 13.5% and 11% year on year respectively, while national shipbuilding completions grew 50.7% year on year.
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- MIIT: Equipment industry value-added contributes 26.6% to industrial growth in first three quarters
The Ministry of Industry and Information Technology (MIIT) said that in the first three quarters, the value-added of the equipment industry grew 7.1% year on year and contributed 26.6% to industrial growth. Industrial robot output rose 29.1% year on year, while output of CNC machine tools and new energy vehicles grew 13.5% and 11% respectively, and national shipbuilding completions rose 50.7% year on year.
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