subject: The Quality Of Mining Machinery Is Increasing [print this page] Sales income of engineering machinery is closed associated with the growth of fixed assets investment. But influence of China's macro control policy adopted in 2004 on engineering machinery industry has varied among products, such as rotary kiln, impact crusher, and so on. To diversify products may effectively dissolve the influence of slowdown in growth of fixed assets investment.
Since 2000, export of engineering machinery industry has grown rapidly, with the compound growth of export revenue reaching 39 per cent in 2000-2006, and the industry for the first time realized trade surplus in 2006.
Experts hold that world-class engineering machinery giants will emerge in China's engineering machinery industry: the work efficiency of Chinese engineering machinery enterprises will increase; the per capita sales revenue and per capita net profit of the industry will keep growing.
Since 2002, China's market demand for metallurgical and mining machinery has grown rapidly, and the compound growth of sales revenue averaged 27.65 per cent every year in 2001-2006. To be specific, the average annual compound growth of metallurgical/mining machinery reached 31.5 per cent in 2001-2005; and that of crane machinery, 25.69 per cent. The operating profit of metallurgical/mining machinery has increased from 36 million yuan in 1998 to 15.8 billion yuan in 2006, and the average annual compound growth reached 138 per cent.
It is expected that by 2010, the mechanization rate of mining of large coalmines will exceed 95 per cent; that of midsize coalmine, over 80 per cent; and that of small coalmines, 40 per cent. China National Coal Association predicts that China's market demand for coal mining machinery will be valued at about 100 billion yuan in the "11th Five-Year Program" period (2006-2010).
As Chinese enterprises continue to sharpen their competitive edge, more metallurgical/mining machinery imports are being replaced by domestic ones, and the gap between import and export of machine-building industry has kept narrowing, and the trade surplus was reported for the first time in 2006, and has kept expanding in the first three quarters of 2007.Sales income of engineering machinery is closed associated with the growth of fixed assets investment. But influence of China's macro control policy adopted in 2004 on engineering machinery industry has varied among products. To diversify products may effectively dissolve the influence of slowdown in growth of fixed assets investment.
