report says China's equipment manufacturing boom is up for three consecutive quarters

Xinhua Beijing, April 20, the first quarter of the 2010-year equipment manufacturing Industry Index report shows that the 2010-year first quarter equipment manufacturing industry index of 99.4 points (boom standard of 100 points),　　Rose 0.7 points from the previous quarter, rising for the third consecutive quarter, with a basic return to the starting level of the rapid growth cycle from 2003 to 2008 (i.e. the first half of 2003). Economic Daily News agency in the Industry Index Research Center and the National Bureau of Statistics China Economic Boom Monitoring Center compiled by the index 20th in the release.　　The index reported a 113.3-point early warning index for equipment manufacturing in the first quarter, an increase of 20 points in the previous quarter, and continued upward operation in "Lengian".　　Jingyuan, chief economist of the National Bureau of Statistics and Pan Jiancheng, deputy director of China's boom monitoring center, said that the rise of the equipment manufacturing boom index and early warning index showed a general improvement in the industry's prosperity.　　According to analysis, the first quarter of equipment manufacturing boom mainly benefited from the domestic demand market, corporate sales continued rapid growth and price moderate rebound, corporate profits and taxes show a sustained and rapid growth trend, employment demand has increased markedly. The index report analyses that there are many favorable conditions for the development of equipment manufacturing industry, but because the development of equipment manufacturing industry has a high degree of dependence on policy, attention should be paid to the fact that there are still large uncertainties in external warming. We should further strengthen the implementation of the planning of equipment manufacturing industry adjustment and revitalization, and take more active policy measures to encourage and guide the investment of private capital.