China takes output lead in machinery production

Despite the world recession, China still grew its machinery production in 2009, according to a new report from IMS Research (www.imsresearch.com). Although it dipped from the incredible growth rates of the preceding years, Chinese output still grew, while almost every other country experienced steep declines. Growth in China is predicted to increase in 2010 from the 2009 level, but not at the 20% growth seen the previous year. Continued growing domestic demand, with higher levels of disposable income and large government investment, underpins this return to stronger growth in machinery production, explained Andrew Robertson, research analyst at IMS.Air Jordan