China's machinery sector expands at slower pace in 2015

Date : 2016-02-23  | From :

China machinery sector continued to expand in 2015 but at a slower pace than the previous year.  
Data from the China Machinery Industry Federation shows that the added value of the sector increased 5.5 percent, less than 2014's 10 percent. The growth rate was also slower than the industrial average of 6.1 percent. Machinery related to consumption grew faster in 2015 than did machinery related to industry as China's economy continues to transform.  
The China machinery ustry Federation says it expects the sector to maintain its growth rate this year.