Ministry of Industry and Information Technology: Equipment industry in the first quarter sees "stable production, rising investment, and strong exports".

This morning, the State Council Information Office held a press conference to introduce the development of industrial and information industries in the first quarter of 2026. The relevant person in charge introduced that the equipment industry had a good start in the first quarter, showing three major characteristics of "stable production, increasing investment, and strong exports". In the first three months of this year, the value added of the equipment industry increased by 6.2% year-on-year, contributing 19.4% to industrial growth. Fixed-asset investment in the five major industries all achieved positive growth, with the railway, shipbuilding, aerospace and other transport equipment manufacturing industries, as well as general equipment manufacturing industry, increasing by 27.7% and 12.5% respectively compared to the same period last year. In the first quarter, the export value of equipment manufacturing industry products denominated in RMB increased by 19.2% year-on-year, accounting for over 60% of the total export value. In addition, the number of high-end products in the equipment industry continues to increase. Among cars priced above 500,000 RMB, sales of domestic brand models increased by 97% year-on-year, with a market share reaching 69.5%.