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In 2014, China's equipment manufacturing industry will maintain steady growth, and the foundation and driving force for growth will further stabilize and strengthen. It is expected that the added value of equipment manufacturing industry will increase by about 12% year-on-year. The equipment manufacturing industry related to consumption and intelligence has maintained a good development trend in recent years, such as agricultural machinery, instrumentation, robots, etc., while investment equipment such as engineering has been in a downturn in recent years. From the perspective of global scale, the equipment manufacturing industry generally has a development speed higher than twice the GDP of the host country. The predicted development speed of 12 is relatively objective and will continue to be maintained for many years to come. The future equipment industry will transform to high-end products. In the short term, China should not impose a strong large-scale stimulus on a single industry. The industrial restructuring of the equipment manufacturing industry is imperative and has a long way to go. In April 2014, the “2013 China Equipment Manufacturing Development Report†issued by the Institute of Machinery and Information Technology's Strategy and Planning Institute showed that in 2013, the industrial added value of equipment manufacturing enterprises above designated size increased by 11.03%, including the removal of computers. In the communications and other electronic equipment manufacturing industry, the added value of the equipment manufacturing industry increased by about 11% year-on-year.