Heavy machinery industry facing severe condition

 

The sixth conference of professional associations of heavy industry of China was held in Beijing from 20 to 22 in July. During the meeting, the association presented the industrial figures of last year and the first half of this year. Facing the current industrial situation, Xu Shanji, the fifth duply executive member of the council said "the instability of the economy of this year is very high, the condition of industry is worsening as the second half of last year owing to the decline of the demand in overseas market. The export of mining machinery, such as impact crusher, is declining.
The association showed that the total output value of the heavy-duty machinery was 8686.1 billion RMB in the year of 2011, increasing 26.2% compared with last year. The sales revenue was 8461.3 billion RMB, increasing 27%. The export value is 139.6 billion dollars, increasing 20.4%. The value of import is 68.9 billion RMB, increasing 15.7%. The trade surplus of import and export is 70.76 billion dollars, increasing 36.9%. The profit value is 584.5 billion RMB, increasing 23.9%.
According to the analysis of the industry, the sales revenue of metallurgy machinery is 1019.3 billion RMB, increasing 12.3% and the export value is 15.8 billion dollars, increasing 10.8% compared with last year. The development of the enterprises which focus on metallurgy is on decline. The medium-sized enterprises in heavy-duty machinery is developing healthily, one of the enterprises in Shandong province has increased 200% compared with last year.

Xu shanji concluded that the main enterprises in heavy-duty machinery industry have enforced the construction of technology innovation in recent years. They have researched and developed a series of advanced products of which the technology and quality come up to the standard of the international level. Their products have markets in European and American countries. The accelerating progress of large-sized enterprises prompted the steady development of product export as well as the progress of the companies.
The characteristics of the development of our national economy is that fixed assets investment, export and consumption are the driving force of the economy. At present, the principal crisis is the debt of European countries. The demand in international market declines greatly and the market is shrinking, so the general situation is very severe. Owing to the fast growing of energy, raw material and labor wage, the investment of companies is increasing. What's more, the appreciation of RMB is obvious. All these factors lead to the decrease of our competition in exporting of jaw crusher and other mining machinery.