China's agricultural machinery industry is showing high performance

In the past ten years, under the continuous stimulation of agricultural machinery purchase subsidy policy, China's agricultural machinery industry has been showing a high level of operation. Statistics show that in 2011, the demand for China's agricultural machinery market rose steadily, and the production and sales of agricultural machinery continued to maintain rapid growth. The annual output of large, medium and small-sized tractors has basically maintained a relatively stable growth year-on-year; the total industrial output value of the industry totaled 289.8 billion yuan, an increase of 33.74% over the same period of the previous year; the industrial sales value was completed at 282.9 billion yuan, compared with the previous year. The increase was 34.39% over the same period; the value of export delivery increased by 15% year-on-year. Experts expect that China's agricultural machinery industry will have good performance in 2012 and will continue to maintain a high level of performance.