A Development Crossroads Of China Economy-Which Direction Is Right For Mining Machinery Industry?
Online, August 10, 2012 (Newswire.com) - It is report by China Daily that China's annual GDP growth slowed to 7.6 percent in the second quarter of 2012, down from 8.1 percent in the first quarter and the lowest growth rate since the second quarter of 2009, which push China into a development crossroads-continue to sustain the high GDP growth or make faster structural adjustment.
According to the economic analysis, the slowdown of GDP's growth rate is the result of China's controlling on the real estate bubble and rebalancing the economy. Since early 2010, Chinese government has started to tighten the monetary policy in order to regulate inflation and property bubbles. The good result appeared in June on National Bureau of Statistics, which means inflation has become stabilized. Besides, the government has maintained the target of 8 percent so that 10million new jobs annually can be promised. However, the labor market situations may have been changed due to the new demographic and other structure. Therefore, the GDP's below 8 percent growth seems to be few signs of distress.
On the whole, China needs to accelerate economic structural adjustment instead of maintain the high GDP growth rate. Actually, in order to create adequate space for changing the GDP-centered growth pattern, China's 12th Five-Year Plan (2011-15) set an indicative target of 7 percent annual average GDP growth. It is appropriate for Chinese government to decide the economy trend considering about the domestic foreign conditions, which is also the sign of various industries' development.
Facing with the ambiguous economic condition, each industry should make a reasonable judgment, no exception of mining machinery industry. Lu Hongbo, the president of DSMAC, said that, "The confusing economic situation is adverse for crusher industry's development. The business decision-maker should make the right judgment and seize the developing opportunity." However, every coin has two sides. The complicated situation also contains good luck. The adequate preparation in the economic valley is also the basic of next developing peak. For the mining machinery industry, the right direction is to strength itself and prepare for the future. On the one hand, the enterprise must focus on the innovation of high technology. The high technological level and high-efficiency products are the necessary factors occupying the market. On the other hand, the cultivation of talents is also should be paid more attention, because the talent is the guarantee for the enterprise's long-tem development.
About DSMAC
DSMAC is a top manufacture of crushing, feeding and screening equipment, especially its wear-resistant part. It mainly specializes in producing stone crusher, mobile crusher, vibrating feeder and screen, sandstone aggregate production line and crusher parts. DSMAC is especially famous domestically for its wear-resistant part, that is well known for its high-quality, long service-life and good service.
More information about DSMAC is available at http://www.dsmac.com.ph/.
DSMAC Group
Lerry Liu, Chief Marketing Officers
Phone: +86-371-6789-7681
E-mail: dsmaccrusher@gmail.com
Source:http://www.dsmac.co.ug/news/2012-08-06/206.html