Recently, at the Forum on the Development of New Service Industry in Jiangsu Machinery Industry, Su Zemin, vice chairman of the Jiangsu Machinery Industry Federation, said that the output value of Jiangsu's machinery industry is expected to exceed 800 billion yuan this year.

It is understood that in the first half of 2006, the industrial output value of Jiangsu's machinery industry was about 400 billion yuan. By the end of this year, the output value of the province's machinery industry is expected to exceed 800 billion yuan, and the output value of the machinery industry will continue to be the first in the country. Su Zemin stated that the overall efficiency of the province's machinery industry is relatively low. Last year, the total industrial output of the province's machinery industry was 95.2 billion yuan higher than that of Shandong Province, but the entire industry achieved the same profit as Shandong. Su Zemin analyzed that the small scale of the enterprises in the machinery industry in our province and the imperfect production service industry are important reasons for the low efficiency of the enterprises. According to relevant sources, in the future, Jiangsu will introduce production service companies such as the China International Procurement Center to further improve the efficiency of the machinery industry.

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