Himfr.com Analyzes Development Trend of China's Machinery Industry
21st December, 2008
Himfr.com one of China's leading B2B search platforms with more than 30 B2B industry websites to its name, currently analyzed China's machinery industry.
Himfr.com predicts the impact of the global economic downturn will gradually affect the performance of the machinery industry.
Amid the government's commitment in expanding domestic demand through macroeconomic measures to maintain China's economic growth, China's economy is expected to bounce back.
The current machinery sales rate is good. From Jan-October, sales rate of the overall machinery industry is still in a good level (with a product sales rate of 97%, a year-on-year increase of 0.19%), which shows that the machinery industry is in a healthy state.
As mentioned, himfr.com's analyst believes that the impact of the financial crisis lags behind in the field of machinery, that the effect of the economic downturn will gradually appear next year.
The high-speed growth period is over for the machinery industry, under China's current expansion mode of seeking extensive growth, pressure for seeking the next growth point is becoming apparent.
Under national macro-economic policies to secure a steady and relatively fast economic growth, the machinery industry is expected to continue to achieve double-digit growth next year.
Among major industries, the weight of domestic demand has been lying heavily in the automotive industry. After several years of rapid growth, the automotive industry has reached its peak and the growth has been declining, and is expected to perform less well under the current economic crisis. The trend is already in the sales of motor vehicles and auto parts export. Machinery industry is expected to be effected as growth in the automotive industry slows down.
Agricultural machinery industry is expected to remain strong under macroeconomic policies to bail out the economy, especially in supporting the agriculture sector
Himfr.com is a promising e-commerce company and a leading vertical search engine company in China. We provide an efficient, trusted search engine platform connecting small and medium-sized buyers and suppliers around the world. Our product search engine database includes more than ten millions products and our community (Trade Post) has published more than 1.2 millions buying leads.
Founded in 2005, Himfr.com focuses on two main products for global traders:
Product Search -- Product search is Himfr.com's flagship product and the leading B2B e-commerce search engine in China, serving small and medium sized enterprises in China and around the world.
Trade Post -- A leading community for global suppliers, providing suppliers with millions of buying leads and bridge them with hundreds and thousands of potential buyers online.
Machinery Industry - Machinery