Rapid growth in construction machinery industry will continue to grow in 2019

Recently, Lu Ying, deputy secretary-general of China Construction Machinery Industry Association, learned that the overall operation of the construction machinery industry in 2018 is very good, and it is expected to maintain its growth momentum in 2019. Lu Ying said that in 2018, the operation of the construction machinery industry can be summarized simply by the words "too hot". Due to the low operating base in 2016, the 2017 and 2018 two years showed a very high growth. In 2017, the total number of equipment production in the whole industry increased by 45.7%, and from January to November 2018, it increased by 27.2%. From January to November 2018, the industry's operating income increased by 12% year-on-year, exceeding the target of 20% year-on-year growth of 2018, reaching a historical high level. The products with larger increase are mainly concentrated in two categories of excavators and cranes. Analysis of the main reasons for the rapid growth in the past two years, Deputy Secretary-General Lu summarized the following points: (1) natural growth, that is, the growth of the quantity of goods, the export products also increased year-on-year; (2) the current user field is in the period of inventory update Some equipment has expired and needs to be replaced with new equipment. This cycle will last for about 3-5 years; (3) driven by relevant national policy projects; (4) upgrading of industrial fields in the user sector will lead to the upgrading of construction machinery, and the acquisition of equipment with higher technical content. In 2019, the construction machinery industry will continue these major growth points, which is expected to increase by 10% year-on-year, slightly lower than 2018.

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The total volume of the industrial machinery industry broke out in the third quarter of the construction machinery industry

The construction machinery industry is enjoying the dividends brought by the industry's “high tide period”.From January to July this year, 25 mainframe manufacturing enterprises included in the Excavator Machinery Branch of China Construction Machinery Association sold a total of 131,200 excavators, an increase of over 50% year-on-year.

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Development and Reform Commission: Private investment continued to grow rapidly from January to November this year

With the introduction of a series of projects to encourage private investment and support private enterprises to private capital projects, private investment has maintained a good momentum of growth this year. From January to November, private investment increased by 8.7%, which was 3 percentage points higher than the same period of last year and 2.8 percentage points faster than the overall investment. In terms of industries, private investment in manufacturing increased by 10.3%, 6.2 percentage points higher than the same period of last year, and 1.6 percentage points faster than the

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