The government strongly promotes the development of the machinery industry and promotes independent innovation.
We have determined that the major policies of the short-term countries to ensure economic growth through expansion of investment will not change. Considering the lag in the domestic investment demand for investment in heavy machinery, railway equipment, and machine tools, we judge that the growth rate of the industry's output value in 2010 will increase year-on-year. Continue to increase, from about 13% in 2009 to about 17% in 2010.
In terms of policy, in 2009 the government’s support for the machinery industry continued to increase. The “Value Added Tax Transformationâ€, “High-end CNC Machine Tools and Basic Manufacturing Equipment†were implemented, “Equipment Manufacturing Industry Revitalization Plan†and “Ship "Industry Revitalization Planning" and a series of policies and measures. We judge that these supporting policies will continue to stimulate the domestic demand of the industry, promote industrial upgrading, and have a profound impact on enhancing the international competitiveness of the industry. At present, some policy effects have already begun to show. For example, the railway investment plan of 1.5 trillion yuan in the past two years has given rise to the booming of railway-related industries. We expect that the effect of this series of supporting policies will continue to be reflected in 2010.
At the same time, we believe that the cost pressure of the machinery industry (smoke exhaust fans, centrifugal fans, etc.) will be less in 2010. The relatively low prices of steel and other factors in 2009 effectively relieved the pressure on the cost of the machinery industry, especially for those industries where the cost of steel products is relatively high, such as shipbuilding, heavy machinery and construction machinery. We believe that before the global economy recovers completely, there is little chance for a substantial rebound in commodity prices and lending rates in the short term. According to the forecasts of the steel group of the research department of CITIC Securities (29.45, 0.07, 0.24%), the average price increase of steel products in 2010 may be around 10%-15%, considering that the procurement of raw materials for machinery enterprises is usually ahead of actual production. For 6 months, we expect the overall cost level of the industry in the first half of 2010 to be relatively low, and there may be a slight rebound in the second half of the year. The annual cost level will be lower than in 2009.
We have determined that the major policies of the short-term countries to ensure economic growth through expansion of investment will not change. Considering the lag in the domestic investment demand for investment in heavy machinery, railway equipment, and machine tools, we judge that the growth rate of the industry's output value in 2010 will increase year-on-year. Continue to increase, from about 13% in 2009 to about 17% in 2010.
In terms of policy, in 2009 the government’s support for the machinery industry continued to increase. The “Value Added Tax Transformationâ€, “High-end CNC Machine Tools and Basic Manufacturing Equipment†were implemented, “Equipment Manufacturing Industry Revitalization Plan†and “Ship "Industry Revitalization Planning" and a series of policies and measures. We judge that these supporting policies will continue to stimulate the domestic demand of the industry, promote industrial upgrading, and have a profound impact on enhancing the international competitiveness of the industry. At present, some policy effects have already begun to show. For example, the railway investment plan of 1.5 trillion yuan in the past two years has given rise to the booming of railway-related industries. We expect that the effect of this series of supporting policies will continue to be reflected in 2010.
At the same time, we believe that the cost pressure of the machinery industry (smoke exhaust fans, centrifugal fans, etc.) will be less in 2010. The relatively low prices of steel and other factors in 2009 effectively relieved the pressure on the cost of the machinery industry, especially for those industries where the cost of steel products is relatively high, such as shipbuilding, heavy machinery and construction machinery. We believe that before the global economy recovers completely, there is little chance for a substantial rebound in commodity prices and lending rates in the short term. According to the forecasts of the steel group of the research department of CITIC Securities (29.45, 0.07, 0.24%), the average price increase of steel products in 2010 may be around 10%-15%, considering that the procurement of raw materials for machinery enterprises is usually ahead of actual production. For 6 months, we expect the overall cost level of the industry in the first half of 2010 to be relatively low, and there may be a slight rebound in the second half of the year. The annual cost level will be lower than in 2009.
car video player,car multimedia player,car navigation,car dvd,video car player
Shenzhen Zhitong Yingchuang Electronic Technology Co., Ltd. , https://www.sjcarautoparts.com