Whether the construction machinery industry encoun

2022-08-02
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Restraining overheated investment: is the construction machinery industry suffering from a cold winter

curb overheated investment: is the construction machinery industry suffering from a cold winter

China Construction Machinery Information

Guide: in order to effectively curb the excessive growth of investment, the central bank recently raised the flag of raising the deposit reserve ratio by 0.5%. As early as the beginning of the year, people still debated whether the domestic economy was overheated or not. But recently, with the release of the national statistical data for the first quarter of 2004, both academic circles and the media have

in order to effectively curb the excessive growth of investment, the central bank recently raised the flag of raising the deposit reserve ratio by 0.5%. As early as the beginning of the year, for whether the domestic economy is overheated or not, DA can also use ordinary woodworking machines to carry out post-processing of molded products such as length sawing and surface sanding like wood; It is still debatable that waste can be utilized through the use of recycled plastics and waste natural fibers. However, recently, with the release of the national statistical data for the first quarter of 2004, both academic circles and the media have basically reached a consensus on the overheating of the domestic economy

the relevant person in charge of the national development and Reform Commission said in an interview that we should resolutely control the excessive growth of fixed asset investment. However, it should be noted that at present, the problems of excessive growth of fixed asset investment and large-scale construction in progress have become prominent. If so, the investment scale of fixed assets, engineering construction and construction projects will be adjusted. Some people worry that the construction machinery industry, the downstream industry of construction, will suffer a cold winter

limited impact on the construction machinery industry

since the early 1990s, China has successively issued a series of fiscal policies, one of which is to continuously issue 800billion yuan of treasury bonds to increase investment in infrastructure. According to relevant statistics, in the first two months of this year, the national urban fixed asset investment increased by 53% year-on-year, the highest increase since 1994. In terms of newly started projects, in the first two months of this year, there were 7816 newly started projects for construction and transformation nationwide, an increase of 3002 over the same period of last year, and the investment in newly started projects increased by 105.6% over the same period of last year. In terms of the scale of projects under construction, it reached more than 16trillion last year, equivalent to the workload of three years; In terms of fixed asset investment rate, it rose to about 43% last year, the highest level in history

for the current overheated investment in fixed assets, the measures taken by the state are to strengthen macro-control and tighten monetary policy. Economic experts believe that this is very necessary, but this kind of tightening policy is limited and has little negative impact on the construction machinery industry

the Ministry of finance of the people's Republic of China issued the notice on Levying consumption tax on batteries and coatings. According to the analysis of experts in the machinery industry, the tightening policy is mainly aimed at capital intensive industries such as steel and automobile, rather than the construction machinery industry. At the same time, the state will still increase investment in agriculture, rural areas, transportation, electric power, coal and other fields while curbing the overheating of investment in steel, automobile and other industries. Due to the long investment cycle, the demand of the construction machinery industry will maintain a sustained and rapid growth for at least two years

however, there are some problems that need the attention of enterprises. Ji Guangcai, vice president of road construction and maintenance machinery branch of China highway construction industry association, believes that: to curb the overheating of investment, there will be a shortage of funds for some investment projects. If the funds are not available in time, the accounts receivable of some manufacturers will increase, which will affect the normal operation of enterprises. Ji Guangcai suggested that enterprises should increase cooperation with the banking industry

this year and next year, the growth rate will remain above 20%

making such a judgment has solid policy support and market demand pull. Because in the next two to five years, some major engineering construction will enter the peak period:

in terms of railway 45N construction,

by 2020, the national railway business mileage will reach 100000 km. The construction of high-speed railway has been on the agenda, among which the construction of Beijing Shanghai high-speed railway has become the focus of attention abroad. It is understood that in the plan of Beijing Shanghai high-speed railway, the railway is about 1300 kilometers long and the investment is expected to be about 130billion yuan. High speed railway construction puts forward higher requirements for construction machinery. The railway construction department will continue to increase the investment in traditional construction equipment (such as earth moving machinery, roller, plant mixing equipment, paver, foundation drilling rig, concrete machinery, etc.) with lower working frequency. In addition, there is also a great demand for new equipment suitable for high-speed railway construction, especially for Subgrade construction, pile foundation construction, bridge erection, rail auxiliary equipment, etc

in terms of highway construction

the Ministry of communications has adjusted the main objectives of the tenth five year plan. By the end of the tenth five year plan, the total mileage of national highways will reach 1.95 million kilometers, with an increase of 130000 kilometers, with an average annual increase of 56000 kilometers. Among them, the length of expressways has been increased from 25000 km to 35000 km, and the length of roads above class II has been increased from 270000 km to 300000 km, making 687 villages without roads accessible. More than 49000 villages without access to roads have access to roads. There will be a great demand for equipment suitable for highway construction, especially some large-scale high-precision paving equipment matched with highways and small-scale equipment suitable for rural highway construction

in terms of power industry construction

from 2003 to 2005, 600billion yuan of investment is required for power construction and 360billion yuan is required for power construction. The five major power stations in the west, including Longtan, Gongboxia, Sanbanxi and Shuibuya, as well as the pumped storage power stations in Langyashan, Anhui and Yixing, Jiangsu, will enter a critical period of construction in 2004

during the Tenth Five Year Plan period, 280billion yuan will be used for flood control project construction, building high-standard dikes, dredging rivers and lakes, removing silt and obstacles, and flood control construction in large and medium-sized cities

in terms of urban construction

in 2005, in order to achieve the well-off goal of 10 square meters of living space per capita in cities and towns, China needs to build about 2billion square meters of urban housing. At the same time, it will build 8billion square meters of rural housing, transform 2.4 billion square meters of urban housing and 25% of rural housing. In addition, the Three Gorges project, the South-to-North Water Diversion Project, the Shanghai WorldExpo, the Beijing Olympic Games and other major projects have entered the construction peak one after another. The revitalization of the northeast, the development of the northwest and the increase of agricultural investment will also enter the implementation stage, which will greatly drive the rapid growth of investment scale. To sum up, experts believe that the rapid growth of the construction machinery industry may slow down this year, but it will still maintain a growth rate of about 25%, and will also maintain a growth rate of about 20% in 2005. All these will stimulate the rapid demand for construction machinery and provide historical opportunities for the sustainable and rapid development of the construction machinery industry

although the prospect of China's construction machinery industry is very optimistic, some difficulties and adverse factors need the attention of enterprises. With the further adjustment of import and export tariffs, international construction machinery giants will pay more attention to this hot land, and the future competition will be more brutal

industrial structure adjustment is imperative.

construction machinery should be bigger and stronger, and industrial structure adjustment is imperative. Experts predict that within five years, China's construction machinery industry will catch up with or even exceed the total output of Japan, and the pattern of the entire international construction machinery market will change to some extent

2003, the National Machinery Industry Enterprises above Designated Size achieved a profit of 153.1 billion yuan, an increase of 48.71% over the previous year. Among them, from the main indicators of Listed Companies in the construction machinery industry, the average earnings per share in 2003 was as high as 0.36 yuan, far higher than the average earnings per share of all listed companies in 2002 and the average earnings per share of companies with annual reports published in 2003. This is extremely rare in all industries, even in the steel, coal and electronics industries, which grew rapidly last year. However, although China is already a large construction machinery manufacturing country, it is still not a manufacturing power. Only by adjusting the industrial structure can we promote China to become a powerful country from a large construction machinery production country and realize the integration with the international market

in the future, the development of China's construction machinery industry will mainly depend on the domestic market demand, and continue to expand and improve its products, output, capacity and quality. Some analysts believe that China's construction machinery industry must speed up the adjustment of industrial structure and solve the problem of "small, scattered and complete" resources: first, integrate domestic construction machinery industry resources and cultivate world-class Chinese construction machinery brands; The second is to participate in the cooperation, merger and acquisition of international manufacturers and the combination of strong and powerful; Third, further realize the international professional division of labor, and actively participate in the production transfer and subcontracting manufacturing of multinational enterprise groups; Fourth, strengthen the application of enterprise information technology and e-commerce, and bring enterprise resources into the industrial chain of world construction machinery

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