Construction machinery sector weakened, the northern shares fell more than 5%
As of press time, northern shares, Zhenhua heavy industries fell more than 5%, Dan Fu shares, Hebei Xuangong fell more than 4%, the world science and technology, a Chinese, Chang Linzhu shares, the Yellow Sea heavy machinery, Shandong mining machinery, fell more than 3%. Obviously, the construction machinery sector is weakening.
In November 4th, President Xi Jinping stressed that "to speed up the construction of The Belt and Road", marks Chinese overseas construction investment indeed entered the accelerated phase. On the same day, the A stock market construction machinery sector as a whole to limit type start, express the "production capacity go out" the urgent desire. Analysis pointed out that, in the economic structure adjustment, fixed asset investment growth slowed down in the background, as a cyclical varieties of construction machinery market has been deep demand continues to slump, overcapacity and accounts receivable risk, the need for policy easing to hedge. In addition, public data show that in the late 1960s, Japan's construction machinery exports accounted for about 50% of its domestic production, in 2011 increased to around 70%. At present, the proportion of China's construction machinery exports is only 20%. Prior to the desire to increase international market development, after the same is the precedent of Asian countries, Japan, the industry expects the construction machinery sector already dawn.