construction machinery industry

7 months, as a measure of the economic health of China's major monthly indicators of industrial added value increased by 9.2%, 9.5% lower than in June, which is the lowest growth rate since May 2009. Moreover Stone Crusher In Rajasthan, new bank lending in July fell to RMB 5,401 yuan, 9,198 yuan lower than in June of the scale, the lowest level since September 2011's. There are indications that the current various initiatives to promote economic growth has not really effective, which contributed to the outside of the Chinese economy could hit bottom in the second half rebound concerns.
construction machinery industry needs to ldquo; breaking rdquo;
Earlier, Merrill Lynch (Bank of America Merrill Lynch) economist Ting Lu said in a report in the second half of this year the government introduced large-scale economic stimulus basically hopeless. China's construction machinery industry ushered in the biggest challenge since the 2008 financial crisis, as one of the beneficiaries of China's investment-driven economy, the construction machinery industry has become one of the biggest victims of the current economic downturn, the industry's companies generally face high inventory, price wars and financing difficulties and other challenges Stone Crusher In Maharashtra.
It is understood that since the first half of last year, in order to seize the market of construction machinery enterprises resort to zero down payment, low down payment and other ways to seize the customers, in order to meet this way, construction machinery enterprises generally have set up their own financial leasing companies, but this way brings great risk. Industry insiders pointed out that in this aggressive sales strategy, once the market downturn, increasing the risk of repayment, so all this will ultimately foot the bill itself construction machinery manufacturing enterprises, banks and investors.
ldquo; Obviously, the current situation of the domestic market anxiety will not improve in the short term. It is from the early throes of industry lsquo; investment drive rsquo; development model type brought. Rdquo; Industry Association experts said: ldquo; to find new growth model of lsquo; economic transition rsquo; is a gradual process that can not be expected to change overnight from investment-driven to consumption-driven. Rdquo; for the construction machinery industry is concerned, it is time to explore how ldquo; breaking rdquo; a.