Jinggong China wishes you a happy National Day & Mid-Autumn Festival!

Jinggong China wishes you a happy 2020 National Day & Mid-Autumn Festival!

Speech by the chairman of the company of JINGGONG: Industry trends: cautiously optimistic and determined

As an investment-driven industry, the development of the construction machinery industry must first have engineering before we can talk about machinery or mechanical equipment. To resolve the current situation of fierce competition among competing products in the construction machinery industry, a certain amount of engineering projects are also needed as the market guarantee and foundation for the industry to accelerate the survival of the fittest.

Projects require investment. In the context of the global epidemic, among the three horse-drawn carriages that will drive the economy in 2020, “investment” has become the most important “horse-drawn carriage” to maintain the stable operation of the national economy. Therefore, it is expected that the government will continue to stimulate investment Increase the demand for construction machinery. As we all know, infrastructure investment occupies a large proportion of the entire investment structure. Water conservancy projects will be used as a basic project for governments in many places to protect people’s livelihood this year. In addition, my country’s urbanization rate has huge growth and room for improvement and optimization. Industrial infrastructure investment will continue to increase. At the same time, the upgrading of construction machinery and equipment brought about by environmental protection factors and the increasing demand for construction machinery and equipment after the gradual recovery of economic construction in some overseas regions are also good for the development of the industry.

Judging from demand and logic, these factors will directly drive another stage of sustainable development of the construction machinery industry, especially the booming excavator market. Therefore, the development of the construction machinery industry in the second half of 2020 or 2021 is likely to continue to rise and develop. Of course, the complexity and uncertainty of international political forms, as well as the continuity and uncertainty of global epidemic prevention and control, will have a major impact on the normal development of the domestic economy and the development of the construction machinery industry.

You can see the future more clearly if you look at the future from a high place; you can know more about what you should do if you stand in the future and look at the present; you can only know what your starting point and foothold are when you look at the future from now. The development of the construction machinery industry in the next two years, internally, is facing the survival of the fittest and reshaping the structure of the excavator market under low profit margins; externally, we will remain cautiously optimistic!