China's machinery industry saw a 27 percent soar in its year-on-year output in 2004.
Deputy director of the China Machinery Industry Federation, Cai Weici, attributes the record high in all economic indexes of the industry to structural improvements.

Last year's output value was over three trillion yuan or 362 billion US dollars¡£

The machinery industry profited by about 186 billion yuan, or over 16 percent of the value of the country's total industrial sector.

The official predicts that the industry will maintain stable growth this year with output estimated to rise by 15 to 20 percent over last year.