31: the construction machinery industry is not the excess capacity 

"There is a problem of overcapacity in the construction machinery industry, but it is not a backward production capacity, which is one of the most competitive industries in China." Xiang Wenbo, President of Sany, said when he received an interview with Tencent finance and economics at the Boao Forum on Asia in 2016.

In the last four years, the construction machinery industry has declined continuously, and the net profit of the industry giant Sany and ZOOMLION in 2015 has fallen by more than 80%. But also judgment, the current market bottomed out, some products even warmer, such as excavators to pick up momentum is more obvious.

But it's not easy for construction machinery to go back to the highest point of history. Stimulated by the central 4 trillion investment in 2008, the whole industry maintained a growth of about 30% per year.

Xiang Wenbo pointed out that the way out for China's engineering machinery industry lies in "going out" and transferring excess capacity to the international market.

Sany is in the front of the internationalization of the engineering machinery industry. Xiang Wenbo introduced that Sany's overseas exports accounted for about 50% of the total revenue in 2015, and now it has factories in dozens of countries and regions, and maintains high growth trend.

Xiang Wenbo said that Sany is more inclined to market environment norms, lower risk in overseas markets, especially in Europe and the United States, and The Belt and Road key countries along.

When it comes to Sany's "go out", it has to mention the prosecution of Obama. It also pointed out that enterprises in the process of "going out", must guard against various risks.

"Obama is going to leave the office, and if there is a similar situation abroad, will the President be prosecuted?" In the face of Tencent finance question, he replied: "we don't want that to happen again, if this happens, we will go to safeguard our own interests to consider the most effective way."

In the winter of the market, construction machinery enterprises, in addition to adhering to the production capacity, have also sought to transform. The 31 group put forward the strategy of "new 31", which has entered the fields of military industry, new energy, finance and housing industrialization in the last two years.

There is a great hope for the industrialization of housing and the military workers in Wen wave, and it is believed that the future of the two may push the 31 to another brilliant. "If it is said that engineering machinery is a hundred billion level industry, the industrialization of housing is a trillions of industries, its scale is much larger than that of engineering machinery. And it has natural relationship with 31 old construction machinery. We provide equipment for housing infrastructure construction, so it is also a natural extension of industrial chain and has advantages.

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