Construction machinery industry should be alert to overcapacity

According to the latest data released by the General Administration of Customs, in the first 10 months of this year, China's construction machinery exports fell by 41% year-on-year. At the same time, from January to August, China's machinery industry completed fixed assets investment of 777.8 billion yuan, an increase of 40.38%, an increase of much higher than the overall growth of the national manufacturing industry 27.3%.

Duan Jiaxuan, chief researcher of CIC's consultancy machinery industry, believes that under the background that exports have not seen obvious demand for warming, the rapid growth of investment will easily lead to excessive expansion of production capacity and exacerbate the deterioration of supply and demand. In the long run, for the industry. Healthy development is unfavorable.

From the policy point of view, the national fixed investment in 2009 increased by 33.1%, which was mainly due to the state's policy of expanding domestic demand, 4 trillion yuan of fixed investment and 7.9 trillion yuan of commercial loans. However, with the gradual implementation of the project, the demand tends to be flat and return to a normal level, and the construction machinery industry is an industry sensitive to macro-control response. Once the number of projects decreases, the demand naturally declines.

From the perspective of China's industrial product structure, there is a surplus in the middle and low-end products, and the saturation of the loader and forklift market is already high. In the higher-end value-added field, due to technical barriers, the products are still insufficient. At present, 80% of the excavator market is occupied by foreign capital, which is a structural excess. Too many manufacturers focus on the low-end sector, and there are too many homogenized products, which will generally dilute the profit margin of the entire industry.

Researchers in the industry said that most of China's construction machinery manufacturing enterprises are state-owned enterprises, and they also bear huge social responsibilities. At the same time of development, we should gradually phase out backward production enterprises, optimize the industrial structure, gradually realize industrial upgrading, and find a balance between development and progress.