At the National Equipment Industry Work Conference held in Nanning, Guangxi, Su Bo, Deputy Director of the Ministry of Industry and Information Technology, highlighted that China's equipment manufacturing sector achieved a staggering output value exceeding 20 trillion yuan in 2023. This represents more than one-third of the global total, placing China at the top of the world rankings. Su Bo emphasized that China has become a global leader in the production of various key equipment, with its output in most sectors ranking first globally.
In 2023, China produced 120 million kilowatts of power generation equipment, accounting for 60% of the global market. The country also completed 45.34 million deadweight tons of shipbuilding, making up 41% of the world’s total. In the automotive industry, China produced 22.117 million vehicles, representing 25% of the global output. Additionally, the country manufactured 959,000 machine tools, which accounted for 38% of the global supply.
These figures underscore China's growing influence and dominance in the global equipment manufacturing landscape. As the nation continues to invest in technological innovation and industrial upgrading, its leadership position is expected to strengthen further in the coming years.
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