Analysis on China Mining Development Plan

China’s rapid economic development this year, lots of industries have entered the era of rapid development, engineering machinery market has always been a good growth momentum. Learned from the China Machinery Market Federation, 1-August, China’s Machinery market production and sales maintained a high growth, in its 12 sub-industries, the fastest growing construction Machinery industry.

The business accepted an interview with Henan Securities News said, given the low base in 2009, construction machinery market is expected to become the third quarter results highlight of the year.

Machinery Industry Federation, the data show that 1-August, the machinery industry completed a total industrial output value of industry-wide 8.955251 trillion yuan, an increase of 35.31%, higher than the 25.61 percent increase over the same period last year, its 12 manufacturing sub-sector showed a growth .

In the 12 sub-industries, the fastest growing construction machinery business, followed by Machine tool business, automotive sector, Machine parts and engine industries. Federation said, “compared to last year, the growth rate of more than five sectors were more than 35%.”

Debon Securities analysts believe the performance of construction machinery market growth was mainly affected by road construction, civil engineering and the follow-up four trillion of infrastructure projects such as driving.

Association data also showed that 119 this month, statistics, main products, “construction machinery sales were the best in history.” 1-8 months, digging, shovel soil transport machinery increased by over 64.14%. An increase of 76.78% compaction machinery, cement machinery increased slightly, an increase of 13.44%.

High growth is expected to continue until 2015

Analysts believe that by the western development plan, other regional planning and urban revitalization construction, high-speed railway, highway, wind power, nuclear power construction investment driven and post-disaster reconstruction and recovery in exports of construction machinery market, import substitution policies to encourage , the second half of the construction machinery industry is expected to maintain high growth.

The analyst also said that given the relatively low base in 2009, engineering machinery business in the first half of the third quarter to build on the improvement compared to last year, is expected to become the biggest quarterly increase year on year during the year is the year of construction machinery industry biggest bright spot.

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