Technology is Core for New Trend of Mining

According to the international monetary fund predicts that 2011 developed economies around the GDP will grow 2.4%, developing countries GDP will grow around 6.6%. International market demand is expected to increase,especially in our country.Because the economic and technological co-operation expands unceasingly between our country and emerging economies and developing countries.Plus,built free trade with asean, sign free trade area agreement with Chile, Peru, Singapore and other countries.The 2011 international economic environment beneficial to China machinery industrytrade fast and steady development.

Facing the new situation and new problems:

First of all, RMB appreciation pressure. On 19 June 2010, the people’s bank of China announced that continue to exchange rate reform, make the exchange rate more flexible . Rise 3.2% within half a year. This will greatly increased export costs.

Secondly, some raw materials such as steel (4730,7.00 0.15%), copper, aluminum and other non-ferrous metal prices are likely to rise; Labor costs rose; s bank loan interest rates rise, etc. Will increase export cost, lowering export competitiveness, make the export enterprises are facing difficulties.

Again,the international trade protectionism growth, trade friction increases.

According to above analysis,although there are some unfavorable factors and difficulties in 2011, but also many favorable factors . The world economy is recovering , our export products structure are continually optimize , Enterprises already have some achievements to exploit potential markets . Therefore , the 2011 machinery industrial exports will continue to growth steady and fast ,The export proportion of emerging economies and developing countries will continue improve. To a service-oriented brand integrity,As the professional manufacturer of complete sets of mining machinery ,like hammer crusher, Henan Hongxing is always doing the best in products and service.

Mining machinery manufacturing is always the leading military of machinery and equipment manufacturing in China. After years of development, a large industrial scale of the mining machinery industry in China, our production of mining machinery and equipment has played a huge role not only in domestic infrastructure projects, mining and construction, but also abroad in the international market place. Mining machinery manufacturing is labor-intensive industries, China’s abundant labor resources, and mining machinery products in China have a significant price advantage in international markets. However, the impression of a long time, China’s mining machinery manufacturing industry is left to the people in the international market is cheap, low quality, low-tech, but with the international mining machinery giant will have industry shifted to Asia, Latin America and other regions, and China enjoy the abundant labor resources, low wages and the cost advantage of the mining machinery industry in China was originally the price competitiveness of a gradual decline in the domestic mining machinery enterprises have begun to seek to improve the core competitiveness of the way. Exploration of the mining machinery industry in China in the long-term course of development have been most suitable for their own development of the industry of technological innovation. c

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