China's machinery industry added value is likely to grow faster than that of the country's industrial added value as well as manufacturing industry added value this year, and would also see growth in both business revenue and profits, according to predictions by China Machinery Industry Federation (CMIF), reported by the Xinhua-run cnstock.com on Tuesday.
The machinery industry's capital maintenance ratio stood at 110.42 percent for the first seven months of 2016, 3.16 percentage points higher than that of the industrial sector, debt to capital ratio stood at 54.12 percent during the period, 2.32 percentage points lower than the industrial sector, current assets turnovers were 1.96 times, staying flat compared with the same period last year, while profits to cost ratio and main business income margin stood at 7.11 percent and 6.63 percent, respectively, during the period, slightly lower than that of last year, according to the CMIF.
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