1.2009 Nian machinery industry boom gradually warmed up again
Machinery industry a comprehensive pick up the economy in 2009, machinery industry-quarter net profit of listed companies in the fourth quarter of 2008, after bottoming out gradually picked up the third quarter of this year has been positive growth year on year. A structural point of view, the major sub-sectors construction machinery industry machinery, gear boxes, metallurgical equipment, machine tools, bearings, and ship-building, including engineering machinery, metallurgical equipment and gear box very well.
2. Macro environment continued to improve in 2010
China International Economic and Development Research Center, industry, invited fellow Luo 100-hui, as the middle reaches of the manufacturing industry, mechanical industry, operating closely linked with the macro-environment, the main driving factors include: the downstream sector investment and credit policy changes. Now it seems that the macroeconomic environment continues to improve, new projects to maintain high investment, investment in fixed assets indicates that the coming year to maintain an active posture, machinery industry demand will continue to rise; demand has picked up background; the credit crunch has been expected; Historical data show that: demand pick-up, credit tightening, inflation in the context of the early machinery industry higher returns.
Machinery industry needs investment in fixed assets mainly from the upstream and downstream sectors, leading indicators include: investment in new projects, PMI index and the real estate investment projections. Leading indicators of investment in new projects indicates that the next year or even longer, fixed-asset investment growth. According to National Bureau of Statistics data, in 2009 from January to October, the new investment projects was 12.46 trillion yuan, the growth rate is as high as 81.1%, indicating future investments will also have greater room for growth. A wide range of new projects, including infrastructure, mining, real estate and manufacturing, due to the downstream machinery industry in the manufacturing sector accounted for a higher, therefore, essential to the manufacturing sector is active or not.
Another PMI index of leading indicators can reflect the status of manufacturing activity, the index in August this year is to reach the level of 55.2%, showing rising trend, showing that the continued expansion of manufacturing activity in the state. In addition to manufacturing, real estate is another major downstream. Our investment in the real estate industry in 2010 is still optimistic about the initial growth rate is expected to invest in the real estate industry next year, about 27%, maintaining a gradual recovery trend in 2009. |
Chuangda Machinery
Aoqili Group
