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"Life is just a series of speed bumps." - Brendanpec

Mining Machinery Is Still in the Period of Winter

  • Date Submitted: 01/03/2013 07:09 PM
  • Flesch-Kincaid Score: 45.5 
  • Words: 285
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President of the China Machinery Industry Federation had represented at the annual meeting in 2012 that, affected by the international financial crisis, China's machinery industry had changed from the high-speed growth of an annual average higher than 25% into a slow growth period by the 2000-2011. In the first 11 months of this year, the increased value of machinery industry output was only 12.2%, representing a decrease of about 13%, it is expected that it will increase by 10% -12% in 2013.
    The machinery industry begins to face greater difficulties at the beginning of this year after experiencing the golden period in the first 11 months of this year, with a total increase of only 12.2%, significantly lower than the previous years. The production of 40 kinds of products in the120 kinds of key products in statistics had a year-on-year decline, which is rarely seen in recent years, and it is expected that mining machinery (vibrating feeder and vibrating screen) output growth will be 10% -12%, even 12% in next year.
    There are three main reasons for growth fell of mechanical industrial. First, Europe and the United States limit the export of Chinese products through the green standards and other non-tariff barriers in re-industrialization process; Second, with the upgrading of labor and land cost, the competitiveness of domestic enterprises reduced compared to Southeast Asia, Africa and other emerging markets; Three, blindly enterprise expand production in the high-speed development stage in the last few years has a result in the serious overcapacity in the entire state machinery industry.

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