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Machinery makers eye sustainable growth in 2021-25 period

Machinery makers eye sustainable growth in 2021-25 period By ZHONG NAN | China Daily | Updated: 2021-03-08 09:30 Share CLOSE Employees work on the production line of drills at Zhangjiakou Xuanhua Huatai Mining& Metallurgical Machinery Co Ltd in Hebei province on Dec 19. [Photo by Chen Xiaodong/For China Daily] The restorative investment and construction projects planned and conducted during China s 14th Five-Year Plan period (2021-25) will create growth momentum, and further spur the structural adjustment and industrial upgrading of China s machinery manufacturing sector, said senior industry officials. Even though the export front remains difficult and unable to support many Chinese machinery makers on account of the fluctuating COVID-19 pandemic, a number of major projects and policy measures to promote the new dual-circulation development paradigm will help stabilize the growth of China s machinery industry.

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