Machinery sector ups high-end transformation

Segment eyes smart manufacturing, targets H1 sales revenue of $1.9 trillion

China's machinery industry, which is already taking a leading position globally, is marching into a high-end era.

The China Machinery Industry Federation said that in the first half, sales revenue for the section reached 12.95 trillion yuan ($1.87 trillion), up 5.44 percent year-on-year. Sales revenue and total profits of strategic emerging subcategories took 79.3 percent and 76.64 percent of the entire machinery industry, respectively, growing 3.38 percent and 2.67 percent.

During this year's World Robot Conference held in Beijing in August, China's machinery manufacturers demonstrated their latest, cutting-edge achievements.