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Experts predict that China’s construction machinery trade surplus will also increase
In 2006, China's import and export trade of construction machinery increased substantially year-on-year. Recently, Zhang Xiaolin, vice chairman of the China Council for the Promotion of International Trade Machinery Industry Branch, said that the total import and export volume for 2006 is expected to reach US$8.5 billion, of which US$4.5 billion will be exported and US$4 billion will be imported. Zhang Xiaoning, secretary-general of the China Mechanical and Electrical Chamber of Commerce’s Engineering and Agricultural Machinery Sub-Committee, believes that this year's trade surplus in construction machinery imports and exports is mainly due to the increase in exports and the decrease in imports. The increase in the export of construction machinery in China is due to the government’s support policies for the domestic construction machinery industry, especially for some domestic companies to go abroad to participate in the international engineering machinery exhibition, so that the international market can understand the Chinese products. Regarding the reduction of imports of construction machinery, Zhang Xiaoning pointed out that this is not due to the reduced demand in the domestic market, but in recent years, such as Caterpillar, Japan Komatsu and other world-renowned engineering machinery companies have entered the Chinese market to invest and set up factories. Producing products indirectly reduces the amount of imports. This year is the first year of the “Eleventh Five-Year Planâ€. The start-up of many projects has led to investment growth. For example, the Beijing-Shanghai, Shanghai-Hangzhou high-speed railway project has been fully rolled out, and investment in large-scale water projects such as the South-to-North Water Transfer project has increased. In addition, the main projects of the 2008 Beijing Olympic Games and the 2010 Shanghai World Expo and the supporting municipal infrastructure construction have entered the phase of comprehensive construction, which has created favorable conditions for the rapid development of construction machinery. Experts predict that in the next few years, China's construction machinery import and export trade surplus will also increase, the export volume is expected to continue to increase, imports will show a flat trend.