The reporter learned yesterday from the China Machinery Industry Federation that since this year, China's machinery industry has achieved strong growth in overseas exports. Machinery industry exports have now outperformed the overall growth rate of the country's foreign trade for 47 consecutive months, and multiple momentum highlights the role of foreign trade as a “ballast stone.” According to the latest data, in the first seven months of this year, the cumulative export value of China's machinery industry reached 664.3 billion US dollars, an increase of 20.8% over the previous year, which is 2.3 percentage points higher than the overall growth rate of the country's foreign trade. Total exports account for 26.3% of the country's goods trade exports, which has stabilized its position as a “ballast stone” for foreign trade. Judging from the order data on the enterprise side, there is plenty of momentum for growth.

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