(JW Insights) Sep 5 -- China's Ministry of Industry and Information Technology (MIIT) and six other government departments unveiled a plan to keep the country's machinery industry growing steadily in 2023-2024 on September 2, Xinhua reported.

China expects the industry's operating revenue to reach RMB8.1 trillion ($1.13 trillion) by 2024, according to the plan jointly released by the industrial authorities.

The growth target would translate into an average of over 3 percent annual increase in operating revenue.

The plan mainly focuses on 11 sectors, including machine tools, agricultural machinery and construction machinery.

Efforts will be made to expand demand, promote the intelligent transformation of manufacturing, improve the quality of supply and make policy implementation more targeted, said the Xinhua report.

(Yuan XY/Gao J)