Russia's machinery manufacturing production dropped by more than 30% in half a year

According to reports, the production of machinery in Russia has fallen by over 30% in the past six months. According to industry analysts, Russia has a series of problems in the production of machinery and equipment. As a result, its production has declined sharply during the economic crisis. At present, Russia’s ability to innovate in this area is low, and the proportion of innovative products in industrial production accounts for only 5.5%. In 2008, Russia’s technology exports were only 630 million US dollars. He also said that at present, the Russian machinery manufacturing industry must develop technology-intensive and high-tech production, and at the same time, it should increase the scale of investment as soon as possible.

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