Construction machinery rose across the board

Construction machinery sector rose across the board on July 11. Among them, Zoomlion hit a daily limit in the afternoon, Zoomlion rose 9.14%, Sany Heavy Industry rose 7.99%, Shantui shares rose 7.46%, Xiamen Engineering shares rose 7.05%.

Analysts of China Construction Machinery Business Network said that the main reason for the huge increase in the construction machinery sector today is that after the downward pressure on the economy in the second quarter has increased, expectations for the introduction of moderate stimulus policies are strong.

China Construction Machinery Business Network reporter learned that a series of data released recently shows that the current downward pressure on China's economic growth is greater, whether it is the official PMI (published by the China Federation of Logistics and Purchasing, the National Bureau of Statistics Service Survey Center) or HSBC PMI final value hit a new low of 9 months; in June, the year-on-year export growth rate and the month-on-month growth rate both dropped, putting more pressure on the real economy. Data on the growth rate of industrial added value that will be announced next Monday will also face downside risks.

Many economic experts believe that from the current point of view, the economic growth rate in the second quarter will be about 7.5%. The cumulative economic growth in the first half of the year will be 7.6%. Only by the second half of the year will the economy be able to stop declining and it will not be possible to complete the whole year. At 7.5% of the target. This means that there will be policies to stimulate growth in the second half of the year. The support for shantytowns, which was launched on June 26th, is one of the important ones.

The rapid rise of the construction machinery sector is a precursor to a bad start and a short-lived incident. Let us wait and see.