Global and China Agricultural Machinery Industry Report, 2014-2016 - Market Segments, Size, Trend and Market Projections for Upcoming Years
Since the implementation of policy of subsidies for purchasing agricultural machinery in 2004, China agricultural machinery industry has maintained double-digit growth, even with the operating revenue growth rate of 33.8% in 2011. However, China agricultural machinery industry transferred to a new situation ("New Normal") in 2014 as the in-depth adjustment of industrial structure accelerated. In 2014, the operating revenue only went up by 8.8% year on year, and the growth rate fell by 7.5 percentage points from 2013.
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