The Machinery Industry Exports Against the Wind.

Information from the China Machinery Industry Federation shows that after a steady recovery in March and April, the export of machinery industry did not continue the trend of recovery in May and June, the decline continued at about 7%, the impact of overseas outbreaks on the foreign trade of the machinery industry is still continuing. According to a recent special survey, 64 per cent of companies surveyed expect overseas orders to remain in decline in the second half of the year, 21 per cent expect a decline of more than 20 per cent, 27 per cent expect orders to be flat and only 9 per cent expect orders to grow in the second half of the year. In the second half of the year, there is still a greater downward pressure on the export of machinery and industrial products.