The construction machinery industry's up-and-down 2012 has also passed half a year. In the middle of this year, a warm wind, with the country, industry, macro and medium policy in the further clear good news, blowing into the construction machinery industry. Premier Wen Jiabao's speech giving priority to stable growth and the National Development and Reform Commission's accelerated approval of new projects all emphasize the need to complete the planned and ongoing projects, and at the same time insist on scientific and rational development and steady pace of construction. Accelerating the formation of infrastructure investment will certainly promote the effect, but whether the recovery of the construction machinery industry benefit from it?
Although China's economic growth has been slower than in the past, its growth rate remains high compared with the international level. In 2012, though, China's GDP growth will still struggle to return to the high growth stage of the past. But based on global consensus forecasts, few countries are growing faster than China. Even among emerging economies on an upward trajectory, few have been able to keep pace with China
Turning our attention to the country's medium and long-term development pace, China's vast market and development potential are still in the period of development and exploitation. The sustained development vitality of industry and economy, a series of transformation and internal optimization and upgrading of various industries, and the national macro policy of sustainable and stable development all indicate that the development trend of China's economy and industry is optimistic and can provide a steady stream of sustained vitality to support the national economic development. In the next decade or more, the Chinese market will continue to enjoy good development space, strong driving force and bright prospects.
When these reflect into China's construction machinery industry, in the context of the implementation of a series of specific industrial promotion policies and the implementation of the "Twelfth Five-Year" industrial planning, with the resumption of a series of infrastructure construction projects, the investment that has been reined in by the tightening policy will begin to further release the energy window in the middle of 2012. More importantly, with the central bank deposit reserve ratio cut and other policies, China's construction machinery industry in 2012 will usher in a new space for manoeuvring.
Although China's construction machinery market has not recovered significantly, but under the superposition of these favorable factors from regulatory policies and industrial levels, the industry has formed a general consensus on the future prospects of the industry, especially the medium and long-term development, which is optimistic. Although the industry is cautious about the approach of the recovery of construction machinery, more or in a wait-and-see trial stage. In 2012, China's construction machinery market, especially some segments and deficient problem areas, will have to wait for a long time to recover at the latest, even if the growth rate resumes, and in the coming years, China's construction machinery market will still be in a relatively high operating range. Under such background and trend, China's construction machinery industry is on the verge of completing the transformation of internal growth concept and development model. In the next few years, there may be some fluctuations with the change of the environment, but in the medium and long term growth rhythm of China's construction machinery market, only grasp the stable development of enterprises and the adjustment of internal function operation, adhere to the objective and rational basis will not have a big dilemma. In this context, the development trend of China's construction machinery enterprises will also turn from extensive, quantitative and blind to value, quality and rationality. This enterprise will enter a not only economies of scale growth, the internal also constantly adapt to the pace of the market, optimize their own development space on the track. As the outstanding leading enterprises will grow in the competition, the backward and inferior enterprises will be gradually eliminated by the market. The market once again optimization shuffle. On the whole, it will also be conducive to the healthy development of the whole construction machinery industry.
In the face of this trend of change, participants in China's construction machinery industry should take disadvantages as advantages and constantly change their survival ideas. Take a calm perspective to consider the objective changes of the market and other factors, and deal with the variable effects with the constant factors. Adhere to excellence and innovation, adhere to advanced concepts, we may find a way to deal with the low tide of the construction machinery industry and an early recovery, and this is also the premise for each industry participant to do. As long as they can take the initiative, actively and systematically to seek new changes, with a forward-looking view of the future, with innovation to lead the development, to do their own ability to achieve long-term development of the industry, to create sufficient conditions for the internal optimization of the whole industry and the upgrading of the production system. Construction machinery industry a new rational upsurge will surely follow