Due to the climate and other reasons, the fourth quarter was the traditional off-season of construction machinery. The so-called “golden nine silver ten†small peak has also appeared unworthy in recent years. However, with the advancement of the steady growth policy in the early stage, the driving effect of construction machinery is expected to come soon. Su Zimeng, vice president of the China Construction Machinery Industry Association, stated that “it is expected that the active role of construction machinery in various fields will begin in the fourth quarter of 2014. The effect will appear." What is more beneficial is that a series of recent trends in the country’s infrastructure investment will bring more long-term positive information to the construction machinery industry.
In order to ensure that the year-end targets for local investment sprint at the end of the year, the data on economic performance in many regions have been released. The GDP data of the first three quarters of the 24 provinces that have been announced are all below the expected targets of the provinces at the beginning of the year. After the data was released, the provinces also held economic analysis conferences in succession. Many places emphasized that steady growth is still the top priority. It is necessary to “play the key role of investment in steady growth,†and investment is focused on key projects and major projects.
According to the review of the progress of the provincial government's investment plans for major projects this year, it can be found that most provinces currently only complete 70%-80% of the annual investment plan, and some provinces and cities such as Xinjiang only complete 60% of the annual target. Therefore, some provinces and cities still have great potential for investment in the fourth quarter, which can be seen from the recent position of some provinces and cities.
On October 15, Li Jiheng, secretary of the Yunnan provincial party committee, said at the analysis conference of the economic situation in the first to third quarters of the province in 2014 that “there is every way to increase investment and strive to rush to climb in the fourth quarter.â€
While planning to deploy the economic work in the fourth quarter, Tibet stressed that "it is striving to complete the annual fixed asset investment of more than 100 billion yuan."
On the 23rd, Shaanxi Provincial Development and Reform Commission held a seminar on investment work in the province. The meeting pointed out that "to complete the annual economic growth targets and tasks, still need to play a key role in investment, we must ensure that investment in fixed assets grow by more than 20%."