The hottest impact of China's economic slowdown on

2022-07-31
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Impact of China's economic slowdown on overseas construction machinery manufacturers

impact of China's economic slowdown on overseas construction machinery manufacturers

www.6300 N you can get Chinese construction machinery information at a distance of 500-600mm. Introduction: Siemens, the largest engineering group in Europe, BASF, the world's largest chemical manufacturer, United Technologies in the United States and Hitachi manufacturing in Japan have recently said that the impact of China's economic slowdown is not small. The China purchasing managers' index (PMI) released on August 1 was not as good as expected, indicating that the Chinese system

Siemens, the largest engineering group in Europe, BASF, the world's largest chemical manufacturer, United Technologies in the United States and Hitachi manufacturing in Japan recently said that the impact of China's economic slowdown is not small

the China purchasing managers' index (PMI) released on August 1 was not as good as expected, indicating that China's manufacturing industry barely grew in July, and the decline in new orders was even greater than that in June

data show that 3. The situation of large manufacturing enterprises of tensile testing machines is poor. Peter Loescher, chief executive of Siemens, revealed that the situation in China is becoming more difficult due to fewer and fewer large orders, and this trend will continue until the end of this year at least

Hitachi said that its sales of construction equipment in China fell by more than 40% in the first quarter, and said that the situation would not improve much this year. "We believe that China's construction equipment market will not recover until at least January next year. We are not the only one. Komatsu and caterpillar are also the same." Said toyoaki Nakamura, executive vice president of Hitachi

caterpillar of the United States has reduced its production in China, and UTC has also lowered its sales forecast of Otis Elevator Company, mainly due to weak demand in China

bulk commodities also send signals that the downturn is more lasting, especially the construction industry. The industry has supported China's appetite for iron ore, steel and copper over the past decade

affected by the excess capacity, the profit of Chinese steel enterprises in the first half of 2012 dropped by 96% compared with the same period of the previous year, and the steel price fell to a record low

the international indicator iron ore price fell to a two-and-a-half year low, and London copper fell about 13% from its peak in February, all of which were attributed to the slowdown in Chinese demand

in addition, due to abundant supply, domestic traders cancelled the coal import contract of at least 2million tons in July

weak economic data prompted the Central Bank of China to cut interest rates for the first time since the global financial crisis in June, accompanied by other monetary easing measures

however, Kunio noji, President of Komatsu, said in the financial report meeting that without direct investment, China's demand for construction equipment will not rebound, and monetary easing measures are not enough to stimulate recovery

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