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Heavy Investment in Infrastructure Expands Domestic Demand

AUTHOR: admin       DATE: 20 Jan 2013 07:00:14

Since 2012, China's Industrial Growth has maintained a relatively fast speed. At the same time, along with the improvement of product technology and the establishment of the service system of global production and sales, we can see that the development space of Chinese industry is pretty huge. Especially in domestic market, the state funds policies strongly support regional construction, new urbanization construction and infrastructure construction, which expands domestic market demand and makes tremendous contributions to the stable growth of China's industry.

Industrial economy is the most important part of the majority of local economy. The important point for stable economic growth is stable growth of industry. In the background of slowdown in current global economic growth, for any country, industrial projects especially major industrial projects are becoming the important parts of the new ground of stable growth.

China is a large developing country; only by mainly relying on domestic demand can we support future economic development of the country. Recently, national development and reform commission has published the focus of next year's work, which puts the urbanization on the agenda. That means the future largest domestic market has started. With the rapid development of national urbanization, the re-emergency of engineering machinery industry will be more to look forward to.

In recent years, regional revitalization has been in full swing, from eastern haixi planning, southern Hainan international tourism island to town group in western regions of Yunnan province and northern Liaoning coastal, regional development planning in each regions is in the acceleration phase. There is still an upward trend of demand for real estate and related infrastructure investments, which will promote the development of building materials, engineering machinery and other investment industrial chains. In 2013, new rural construction, high-speed railway and other infrastructure projects will continuously start; development of real estate industry is also stable, engineering machinery industry is expected to re-enter the growth track and ushers in a stable growth period of 2 to 3 years. Expected to May, namely after two years of industrial adjustment, engineering machinery industry appears upward inflection point, which will make contributions to industrial growth. The key reason is that these actions will be the powerful levers to expand domestic demand.

Western development and new urbanization construction are both major strategic actions for country to expand domestic demand and then promote stable growth of industry. Regional construction and urbanization will be the future largest domestic market.

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