"Excavator Index" reflects economic vitality (micro)
-6.8%, 3.2%, 4.9%, 6.5%, this is the quarterly growth rate of my country's GDP in 2020.
-11.6%, 24.8%, 33.2%, 62.5%, which are the growth data of single-season sales of excavators in the domestic market during the same period.
In the two upward curves, the "Excavator Index" has become a window to observe the operation of China's economy.
Excavator sales are an important microscopic indicator for observing economic operation.
According to the practice of previous years, the industry cycle of excavators generally starts about a week after the Spring Festival and reaches the annual peak within one and a half months.
In 2020, due to the impact of the new crown pneumonia epidemic, the peak sales of excavators have moved back 30-45 days.
However, the epidemic has not reduced market demand. my country's excavator sales have experienced a "off-season not weak" over-compensation rebound phenomenon, and some manufacturers have been in full production.
In 2020, only 25 manufacturing companies included in the statistics will sell more than 320,000 excavators, a year-on-year increase of 39%.
Compared with the sharp decline in the sales of construction machinery in some countries, the sales of excavators in my country have grown against the trend, injecting warmth into the world economy.
The sales of excavators have changed from falling to rising, which is a concentrated release of the backlog of orders, which more clearly reflects the steady pace of resumption of work and production.
Take the transportation industry as an example. At the end of April last year, the resumption rate of 625 key transportation projects under construction exceeded 99%. On the construction sites of high-speed rail lines and tunnels and bridges, excavators were busy digging and transporting soil.
From the "big dig" in building bridges and roads, to the "middle dig" in building greening, to the "small dig" in farmland reconstruction and 5G base station construction, excavators have found a broad stage to show their talents in various scenes of resumption of work and production.
Excavator sales continue to rise, thanks to the contribution of overseas orders, the replacement of equipment in the context of emission upgrades, and the new demand brought about by the accelerated implementation of infrastructure investment.
As early as last April, the Politburo meeting of the Central Committee called for strengthening traditional infrastructure and new infrastructure investment.
In order to ensure the “six stability” and “six guarantees”, all localities and departments have used new special bonds and other methods to leverage financing and expand domestic demand, making infrastructure investment an important force driving the economy.
With the approval of all 3.75 trillion yuan of special bonds, infrastructure will effectively play its role in stabilizing investment and protecting people's livelihood, and promote the stable operation of the macro economy.
Behind the small excavator is the rapid advancement of infrastructure construction.
The "14th Five-Year Plan" started, and a new journey to comprehensively build a socialist modern country began. People's livelihood projects such as new rural construction and municipal transformation are arduous, and medical facilities, transportation and other industries have great potential to "make up for shortcomings."
In the field of new infrastructure, over 600,000 5G base stations and 462,000 newly constructed charging piles will be newly opened in 2020, creating development space for digital transformation and intelligent upgrading.
The development of the first industry drives the prosperity of all industries, the infrastructure provides stable support for all walks of life, and the new infrastructure enables high-quality development, adding strength to special annual crises and opportunities.
The production and sales of excavators are transformed into workloads, allowing the heat of the market to spur the pace of construction.
According to statistics, the cumulative working hours of excavators in 2020 increased by 12.9% year-on-year, and 9 provinces and cities increased by more than 50%.
On the big screen of a construction machinery company’s plant, the data of hundreds of thousands of excavators, hoisting equipment and other construction machinery across the country is scrolled in real time. Excavators at construction sites in various places use big data and the Internet of Things to gather information together. The strong pulse of economic recovery.
Many organizations predict that excavator sales in 2021 are still expected to continue to grow.
It is foreseeable that with the advantages of sufficient potential, great resilience, strong vitality, large room for maneuver, and multiple policy tools, China's economy will continue to consolidate its long-term upward trend.