Hebei will give priority to equipment manufacturing projects included in the provincial key construction plan

From the Hebei provincial government’s adjustment meeting on the adjustment of key industries and implementation of the revitalization plan implementation advice, it was learned that from January to July of this year, the province’s equipment manufacturing industry could make profits with the steel industry. The economy of the equipment manufacturing industry stabilized and the total profit reached 11.383 billion yuan. The economic benefits of the iron and steel industry have still not improved fundamentally, generating a profit of 11.7 billion yuan, a large drop from the previous year.
The equipment manufacturing project will be included in the provincial key construction plan. There will be 302 equipment manufacturing projects planned for this year, accounting for 56.4% of the total number of key industrial projects. The state cuts the funds for technical reform of the key industries in our province to the equipment manufacturing industry and arranges funds of 171.30 million yuan, accounting for nearly one-third of the total amount of cutting funds. From January to July, the province's equipment manufacturing investment growth and project construction were rapid. The accumulated investment was 49.276 billion yuan, a year-on-year increase of 51.4%, which was 9.5 percentage points higher than the national equipment manufacturing industry and 13.3 percentage points higher than the province's industry.

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