Excavators await export at a port in Yantai, Shandong province, on May 29. TANG KE/FOR CHINA DAILY
China's machinery industry is confident of maintaining steady foreign trade growth in 2026 despite growing uncertainties stemming from geopolitical tensions, tariff disputes and a challenging global trade environment, executives from the China Machinery Industry Federation (CMIF) said on Thursday.
The sector recorded $692.76 billion in foreign trade in the first half, up 15.9 percent year-on-year, with exports rising 20 percent to $559.33 billion and imports increasing 1.4 percent to $133.44 billion, according to the Beijing-based industry organization.
Speaking at a news conference in Beijing, Ye Dingda, the CMIF's vice-president, said favorable factors are expected to outweigh challenges.
"The machinery industry is likely to maintain stable growth this year as China advances industrial modernization, expands domestic demand and promotes transformation," said Ye.
