An overview of heavy machinery industry market in 2009
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In January~July of 2009,the total industrial output value of China's heavy machinery industry reached 318.408 billion yuan,an increase of 16.82% over the same period of the previous year.Among them,metallurgical and mining machinery,affected by financial crisis and downstream industry demands,is still at the bottom of the business cycle,with the development prospect not being optimistic.And benefited from the 4 trillion yuan investment of the State,hoisting and conveying machinery maintained a steady growth rate of 10% in 2009.