[Ministry of Industry and Information Technology: The added value of China’s equipment industry increased by 7.1% year-on-year in the first three quarters] October 20th, the State Council Information Office held a press conference today (October 20th). It was introduced at the meeting that in the first three quarters, China's equipment industry maintained a positive development trend and continued to improve quality and efficiency. The overall operation can be summarized in three words: "stable, innovative and smart". In the first three quarters, the added value of the equipment industry increased by 7.1% year-on-year, contributing 26.6% to industrial growth. The supply capacity of high-end equipment has been enhanced, and the output of industrial robots, CNC machine tools, and new energy vehicles increased by 29.1%, 13.5%, and 11% respectively year-on-year. The national shipbuilding completion volume increased by 50.7% year-on-year.