Recently from Shandong Machinery Industry Association, Shandong Province Machinery Industry presented the first half of the warming trend. The provinces machinery industry enterprises above designated size 10,317 sales revenue 1.434914 trillion yuan, an increase of 12.74%; sales rate of 98.10 percent, 0.30 percentage points higher than the same period last year, showing an overall industry-wide sales moderate to good development trend. Completion of exports 12.38 billion US dollars, an increase of 9.25%.

According to reports, the first half of the main indicators of Shandong Province machinery industrial output, the main business income, total taxes, total profits, investment and other fixed assets are listed second in various provinces and municipalities. Among them, the main business income, total profits and taxes, profit rose three indicators are more than 12%. Machinery industry 14 sub-sectors, the main business income of 11 sub-sectors over the double-digit growth.

Machinery industry exports continued to rise rapidly. 2013 cumulative increase of 0.44 percent in February this year the cumulative increase of 7.08%, in May to 8.69%, in June rose to 9.25%.

Fixed asset investment grew rapidly. The provinces machinery industry investment in fixed assets totaled 230.503 billion yuan, up by 19.41%, investment ranking second in the country, a total of 3.67 percentage points higher than the national growth rate.

"Machinery industry rebound is mainly due to the transformation and upgrading of enterprises in the industry, driven by a positive adjustment of product structure, the importance of improving product quality, market share has been effectively improved,