China's construction machinery industry will stabilize and pick up

The business environment of the company will be further improved this year, and it is expected that the operation of China's construction machinery industry will stabilise and recover. In 2014, the sales revenue of the entire industry will increase by approximately 8%.

Although the downward pressure on the economy in the first half of the year has increased, with the implementation of various national policies for steady growth, the business environment of the company will be further improved this year. It is expected that the operation of the Chinese construction machinery industry will stabilise and recover. In 2014, the sales revenue of the entire industry could increase by about 8%. %.

The reporter learned from the China Construction Machinery Industry Association on the 29th that in the first seven months of this year, the sales volume of China's major engineering machinery products increased by 0.88% year-on-year. In general, the development trend of China's construction machinery industry is steady at present. Although its overall sales volume and operating income show a negative growth trend, this is by no means the industry is declining, but is experiencing a painful process from rapid growth to stable growth. period". In the future, the pull of the country’s steady growth policy will gradually emerge, the overall situation of the industry will improve, and the trend of stable and sustainable development will emerge. In the long run, the future construction machinery industry is still a sunrise industry. Looking at the history of world construction machinery development, China is still in a period of growth.

At the same time, industry experts also emphasized that China's equipment manufacturing industry as a whole is large and not strong. With the shift of middle and low-end product processing and manufacturing industries to Southeast Asia and other developing countries, and the “re-industrialization” strategy of western developed countries leading to the “backflow” of high-end manufacturing companies, the current status of China's equipment manufacturing industry is facing challenges. .