November excavators continue to climb hotter than expected

â—† In November, excavators continued to climb far more than expected.

This month, the excavator's total sales exceeded 14,000 units, and the explosion was far more than expected. The domestic market share has slightly declined, but the share is still too high. The Chinese market in 2010 almost attracted excavator manufacturers from all over the world to invest in China. In 2011, the domestic market is expected to cool, but the export market will welcome the point of view. First, the rigid demand of the economic environment will be released. Second, the Chinese manufacturers will further expand the export market.

The most obvious feature of the Chinese economy in 2011-2015 is the transformation and transformation of economic growth. Therefore, the growth rate of investment in fixed assets will decline, which will have an adverse effect on the excavator market. What is certain, however, is that investment growth will not fall too fast and is a slow and long-term process.

â—† In November, the import and export market remained stable, and the export strength will continue.

The export sales volume of this month showed a significant increase year-on-year and a year-on-year increase, and the export market had a better trend. In 2010, the share of imported machines in total sales decreased significantly compared with 2009, and this trend will continue in the long term. Because of the advantages of high-speed rail technology, China's foreign contracting business is undergoing a transformation, from the previously obvious labor output, to the gradual combination of technological labor, so the advantages will become more and more obvious, and it is very favorable for the excavator export market.

â—† The economic environment is stable, which will benefit the long-term development of the excavator market.

Excavator sales again exceeded market expectations in November. This period in previous years will generally have a gradual decline. However, the market is particularly strong this year, and it is expected that there will still be a good performance in December.

At present, China's manufacturing PMI shows a slight upward trend, which means that the manufacturing economy is still expanding. However, it must also be noted that the uncertainties in China’s economic development have increased. For example, the international economy is extremely complex, global inflation expectations are rising, domestic commodity prices have generally risen, demand growth momentum has tended to slow, etc., and it is necessary to take precautions to prevent these uncertain factors from becoming economical. The unstable factors of development have enabled the steady and rapid growth of the economy to continue to be consolidated and strengthened.

â—† CPI reached a new high of 28 months, and monetary policy tightened continuously.

Under the influence of the continuing high CPI, the market has raised its interest rate clearly. However, the central bank’s latest adjustment policy is still to raise the deposit reserve ratio, and the concern for raising interest rates is high.

The money supply increased this month, but it does not support continuous rise from the perspective of the overall economic environment. In the context of rising inflationary pressures, there is a sharp drop in the money supply expectation.

The market expects that the growth rate of loans for the next year will return to normal. The growth rate of credit targets will be about 15%, and the scale of new credit will reach 7.1 trillion yuan, which will have a certain degree of impact on excavator terminal sales.