China's machinery sector showed steady, positive performance in the first two months of this year, with growth in both production and market demand, said the China Machinery Industry Federation (CMIF) on Wednesday.
The five major machinery subsectors all posted year-on-year gains in January-February period. Value added in general purpose machinery, special-purpose machinery, automotive manufacturing, electrical machinery and equipment, and instruments and meters rose 8.9 percent, 8.8 percent, 3.4 percent, 8.7 percent, and 7.8 percent, respectively.
It is notable that the equipment manufacturing sector showed strong growth, with value-added output rising 9.3 percent year on year, 3 percentage points faster than the growth rate of value-added output for all industrial enterprises above designated size in the first two months.
Xu Niansha, president of the CMIF, said that as the first year of the 15th Five-Year Plan, the year of 2026 will see the equipment manufacturing sector focus on intelligent, green and integrated development, aiming to build a modern industrial system anchored by advanced manufacturing.
"China will focus on three aspects in terms of the future development of equipment manufacturing. First, we will reinforce the reshaping of industrial foundations by addressing weaknesses in industrial machine tools, high-end chips, and foundational software. Second, we will boost research and development of major equipment, advancing flagship products such as high-end medical devices, precision instruments, and advanced agricultural machinery. Third, we will enhance quality and branding to improve international reputation of 'Made in China'," said Xu.
China's machinery industry posts steady growth in first two months
China's machinery industry posts steady growth in first two months
Global institutions are being weakened at a time when they should be reinforced, the well-known Singapore scholar, Kishore Mahbubani, warned on Wednesday at the ongoing Boao Forum for Asia (BFA) Annual Conference 2026 in south China's Hainan Province.
Mahbubani, founding dean of the Lee Kuan Yew School of Public Policy of the National University of Singapore, spoke at a BFA high-level panel themed "Injecting Certainty into an Uncertain World." He said that all humanity lives in a small global village, pointing to challenges ranging from climate change and financial crises to oil price volatility as evidence of interconnectedness.
"We are entering a new era of world history and that new era is marked very clearly. The data is there. By the end of the era of Western domination of world history and the return of Asia, all of humanity now, all eight billion of us, we used to think that we live in a very large planet Earth. No, we no longer live in a large planet Earth. We live in a small global village. And every day you get evidence that we are living in a small global village. And if you look at the challenges that we face, whether it's climate change, global financial crisis, oil prices, one village that we live in," said Mahbubani.
Mahbubani warned that weakening global governance could prove a serious mistake, but remained optimistic, saying that solutions exist and humanity can still build a more certain world.
"We are weakening institutions of global governance at a time when we should be strengthening them. And I think when future historians write about our time, they'll see it as an act of great folly on our part for failing to strengthen our global village councils at this time. So at the end of the day, even though I have emphasized that the challenges that we face, enormous, there are solutions, and we shouldn't despair. We can create a world of certainty," said Mahbubani.
The BFA Annual Conference 2026 opened on Tuesday with the theme of "Shaping a Shared Future: New Dynamics, New Opportunities, New Cooperation." It will run to Friday.
Founded in 2001, the forum has grown into a key platform for addressing Asian issues and strengthening cooperation both within the region and globally.
Well-known Singapore scholar warns of weakening global governance, stresses certainty achievable
