MNI BRIEF: China Machinery Expects Stable Trade In 2025

China’s machinery industry expects foreign trade to remain stable in 2025, after growing 7.5% last year, accounting for 19% of the country's goods trade, Luo Junjie, executive vice president of the China Machinery Industry Federation, told a conference on Friday.

Luo noted the machinery industry faced pressure last year from insufficient effective demand and continued price declines, but expected the government’s trade-in and upgrade policies would drive market improvement this year.

Copper prices are expected to reach about CNY80,000 per tonne this year, up from January’s CNY72,000, as supply tightens and Chinese demand remains firm, local analysts told MNI. (See MNI: Firm China Copper Demand To Support Prices)