
For this bleak data, the association believes that "it is by no means a downswing in the industry, but a "difficult period" in the process from rapid growth to stable growth."
Specifically, the construction machinery companies began to change their concepts, actively adjust the structure, transfer methods, and pursue development quality. Some high-end equipment has developed rapidly. 4000 tons of crawler cranes, 2,000 tons of truck cranes and 900 horsepower bulldozers have all been brought to the market. At the same time, the internationalization of the industry is accelerating. The overseas mergers and acquisitions of Chinese construction machinery companies have been in full swing in the past two years. Among listed companies, Sany Heavy Industry announced on July 1 that Sany International Development Co., Ltd., a wholly-owned subsidiary of the company, invested USD 5,489,700 to acquire 100% equity of Luxembourg company under CITIC Industrial Investment Fund Management Co., Ltd.
Association members believe that the current development trend of the construction machinery industry is steady. Although it is very difficult for the industry to recover to high-speed growth before 2011, the ups and downs will rarely occur. In the future, the national stable growth policy will gradually appear (such as shantytowns, etc.), and the overall situation of the industry is still promising and will show stability. The trend of sustainable development.
Association experts predict that the development of construction machinery industry in 2013 will be equal to 2012, or maintain a slight increase. It is expected that the market sales volume will resume its growth in the second half of the year and the economic returns will rise steadily.
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