The construction site is hot, and the excavator is selling crazy again?
In the first two months of the year, the country maintained a high investment level, and there were 10 regions with an investment growth rate of around 10%. Compared with last year, about one-third of local investment growth has accelerated. The national investment accelerated with the acceleration of infrastructure construction, and the excavator production and sales volume blowout in January and February this year.
Spring blossoms, and the construction sites around the country are also hot.
This is the epitome of accelerating investment in various places this year. According to the data released by the National Bureau of Statistics, in January-February, fixed-asset investment increased by 6.1% year-on-year, and the growth rate was 0.2 percentage points higher than that of the previous year. From the situation of various places, compared with last year, about one-third of local investment growth has accelerated.
In the first two months of the year, the country maintained a high investment level, and there were 10 regions with an investment growth rate of around 10%, namely Tianjin, Beijing, Guizhou, Guangxi, Jiangxi, Hubei, Shanxi, Yunnan, Hunan, and Jilin. Four of them are located in the middle. It shows that the central investment power is relatively strong.
The acceleration of national investment is related to the acceleration of infrastructure construction. According to statistics, the output of excavators in January-February this year was 49,534 units, a cumulative increase of 52.3%. In 2018, the output of excavators was 269,532 units, a cumulative increase of 47.9%.
Excavator production and sales blowout
According to the data released by the National Bureau of Statistics, in January and February, the output of excavation and earthmoving machinery increased by 25.3%, the output of concrete machinery increased by 11.5%, the output of steel increased by 10.7%, and the output of flat glass increased by 7.8%.
China Construction Machinery Industry Association excavation machinery branch industry statistics show that in January and February 2019, 25 mainframe manufacturers sold a total of 30,501 excavation machinery products, a year-on-year increase of 39.9%.
Wang Baobin, senior statistician of the Investment Department of the National Bureau of Statistics, pointed out that the key factor for the acceleration of investment in the first two months was infrastructure.
Since the second half of 2018, the state has increased its support for short-board policy and accelerated the issuance of local special bonds. During the two sessions of the National People’s Congress, Minister of Finance Liu Kun said that as of the end of February, local special bonds had been issued 307.8 billion yuan, the issuance time was significantly earlier than in previous years, and the average interest rate of new bonds decreased, and the bond maturity was extended.
In December last year, the National Development and Reform Commission intensively approved a number of infrastructure construction projects. In February of this year, the 18 departments jointly issued the “Action Plan to Increase the Quality of Social Services in the Public Sector to Complement the Strength of the Short-Term Board and Promote the Formation of a Strong Domestic Market”. With the steady investment policy at the national level, the regions have also been actively promoting the implementation of major investment projects.
In January-February 2019, the national fixed asset investment (excluding farmers) was 4,444.9 billion yuan, a year-on-year increase of 6.1%, and the growth rate was 0.2 percentage points higher than that of 2018.
However, industrial investment, especially manufacturing investment, has not risen rapidly. Industrial investment in January-February increased by 5.8% year-on-year, and the growth rate dropped by 0.7 percentage points over the whole year of 2018. Among them, manufacturing investment increased by 5.9%, and the growth rate dropped by 3.6 percentage points.
Xia Dan, a senior researcher at the Bank of Communications Financial Research Center, believes that the current investment acceleration is related to the acceleration of real estate investment, but whether it can be sustainable remains to be seen. At the beginning of this year, the growth rate of real estate development investment was obviously higher. This was different from the land purchase fee at the beginning of last year. This year, mainly due to the accelerated construction progress of the project construction.
Central investment growth rate is higher than other regions
According to the National Bureau of Statistics, in the first two months, investment in the central region increased by 9.4%, higher than 3.3% in the east, 7.6% in the west, and 5.7% in the northeast.
Compared with last year, the investment growth rate in the eastern region fell by 2.4 percentage points in January-February, the investment growth rate in the western region increased by 2.9 percentage points, the northeast region increased by 4.7 percentage points, and the investment growth rate in the central region fell by 0.6 percentage points.
The growth rate of investment in the eastern and western sectors is obvious. The investment in Guangdong in the east is fast in January and February, and the growth rate in Jiangsu and Shandong is not high. The growth rate of investment in Ningxia, Xinjiang and Gansu in the west is low, while in Guizhou and Yunnan. Still growing rapidly.
On March 20th, Qin Zunwen, dean of the Hubei Institute of Belt and Road Research, pointed out that the central region can better undertake the industrial transfer in the east. Many investment projects in the eastern region have turned to the central region due to high cost of land and labor.
In January-February, the rapid growth of investment in the central region was also related to the rapid growth of industrial investment.
Jiangxi’s industrial growth in the province was 12.7%. Among them, the province’s high-tech industry investment increased by 29.1%, 16.4% higher than the growth rate of all industrial investment; high-energy industry investment only increased by 6.1%, down 20% year-on-year. In the same period, the province’s infrastructure investment increased by 18.9%, which was 8.3 percentage points higher than the total investment growth rate, accounting for 18.7% of the total investment, up 1.3 percentage points year-on-year, and contributing 31.1% to investment growth.
The industrial investment of Hunan Province increased by 30.2% year-on-year. The growth rate was 20.3 percentage points faster than the total investment, 17.1 percentage points higher than the same period of the previous year and 2.2 percentage points lower than the whole year of 2018.
Henan Province’s fixed asset investment (excluding farmers) increased by 8.2%, the growth rate increased by 0.1 percentage points over the previous year, the secondary industry investment increased by 5.3%, and the tertiary industry increased by 10.5%. The investment in industrial technology transformation increased by 78.5%, which was higher than the growth rate of all investment by 70.3 percentage points.
Liu Huiyong, vice president of the China Investment Association, pointed out that there is a big gap between China’s infrastructure and developed countries, and there is still much room for growth in the length and density of railways and highways. After the improvement of infrastructure, it will promote the rapid growth of local industries and consumption. Because of its good location, the central part of the country is easy to taste the sweetness of rapid development. (This article comes from the 21st Century Business Herald, Xiao Ming)
Caterpillar Style Gallion Scarifier Shank 31280D, Gallion Style spare parts Shanks, Caterpillar Replacement Aftermarket Scarifier Shank Fits Gallion earthmoving motor grader equipment Caterpillar Style Gallion Scarifier Shank 31280D Features: Caterpillar style gallion scarifier shank for a motor grader, takes a 31281C scarifier tooth, this shank is 3″ wide and 18 1/4″ is length Weight 13.51 […]
5V4311 Caterpillar Style Compactor Finger Shank, Caterpillar spare parts Finger Shanks, Caterpillar Style Aftermarket Cleaner Bar Finger 5V-4311 Fits CAT 815B earthmoving compactor equipment 5V4311 Caterpillar Style Compactor Finger Shank Features: Caterpillar style finger shank for a compactor; it is 1.75″ thick, 305″ wide and 21.5″long Weight 21.16 lb / 9.6 kg Compatible Models earthmoving […]
CAT Motorgrader Scarifier Shank 5B6251 , Caterpillar motor grader spare parts scarifier tooth ripper shanks, Caterpillar Style Aftermarket Shank-Scarifier Fits CAT equipment, 5B-6251 CAT Scarifier Shank for motor grader 195-7219 CAT Style Replacement Scarifier Ripper Shank Features: Caterpillar style scarifier shank for a motor grader; the dimensions are 1″ in height, 2.2″ in width and […]
195-7219 CAT Style Replacement Scarifier Ripper Shank, Caterpillar motor grader spare parts scarifier tooth ripper shanks, Shank-Scarifier for earthmoving equipment, 1957219 CAT Scarifier Shank for motor grader 195-7219 CAT Style Replacement Scarifier Ripper Shank Features: Caterpillar style scarifier shank for a motor grader, takes a 5K1459 pin and a 5K1458 grommet; it is 15″ in […]