In 2012, China's above-scale agricultural machinery industry output value reached 338.2 billion Yuan and became the world’s top agricultural machinery manufacturing superpower.
In the past six years, the output value of China's agricultural machinery industry maintained an annual growth rate of about 20%, in a leading position in the machinery industry. Subsidies policy helped a lot in agricultural industry. Chinese central government arranged farm machinery purchase subsidy funds totaled 74.47 billion Yuan.
Source:
