论文部分内容阅读
推进中国经济增长的进程不会改变,除非发生重大的战略调整或巨大的冲击性事件,我们相信,由三股相互关联的增长驱动力量的增长轨迹,将共同构成未来经济景气周期波动的基准线,也是经济运行在回落中趋稳的基本支撑力量。从宏观形势看,全球产业转移和中国制造业基地的快速发展将为工程机械行业提供新的增长动力,且这一态势已初露端倪。与此同时,在中国大市场和经济繁荣的吸引下,来华投资的外国直接投资(FDI)增势不减。我国在一些新的领域如汽车、钢铁等的制造业大国地位初步确立,不仅满足了国内快速增长的需求,而且开始形成新的出口潜力。但是,在宏观经济增速温和回落、积极力量逐步聚集的同时,也出现了一些负面因素,工程机械行业龙头企业成为并购的热点,部分产品开始显现产能过剩的现象,产品销量的增长并不能带来可观的企业利润,行业虽处于增长通道,而国内外的激烈竞争却为工程机械行业企业带来更多的风险和忧虑。
The process of advancing China’s economic growth will not change. Unless a major strategic adjustment or a huge shock event occurs, we believe that the growth trajectories of the three interrelated growth drivers will together constitute the baseline for the future economic cycle fluctuations. It is also the basic support force for stable economic operation in the fall. From the macro situation, the global industrial transfer and the rapid development of China’s manufacturing base will provide a new growth engine for the construction machinery industry, and this trend has begun to emerge. At the same time, foreign direct investment (FDI) investment in China has continued to increase, attracted by China’s large market and economic prosperity. China’s preliminary establishment of the status as a major manufacturing country in new areas such as automobiles and steel not only satisfies the domestic demand for rapid growth, but also begins to create new export potential. However, while the macroeconomic growth has moderated and the active forces gradually gathered, some negative factors have emerged. Leading enterprises in the construction machinery industry have become hot spots in mergers and acquisitions. Some products have begun to show excess production capacity, and the growth of product sales cannot be brought about. With respectable corporate profits, although the industry is in a growth channel, the fierce competition at home and abroad has brought more risks and worries to the enterprises of the construction machinery industry.