Crane industry worth the wait

As an important construction machine, cranes have assumed more and more important roles in the construction of our country.

As a key year for the implementation of the objectives of the 12th Five-Year Plan, the country’s economic development is in an important strategic opportunity period in 2013. Urbanization, new industrialization, and internationalization have entered a critical stage. In 2014, railway investment will focus on the Midwest and intercity railways, and funds will gradually be secured; total investment in highways will remain low, but the western region will still be the focus of investment; nuclear power has a warming trend and is far from the target value. In the next two years, the investment growth space is relatively large; investment opportunities in public services appear and can be given due attention. As the domestic economic environment and the downstream industry have generally stabilized, it is expected that the fundamentals of the construction machinery industry will improve slightly in 2014, but it is difficult to see significant improvement. In 2014, it will face an economic environment with slower growth and a more differentiated structure. Fixed investment will show a trend of low and high growth.

In 2014, with the macro-level advantages of lifting machinery, active technological innovation, ready to go, or will usher in new developments. China has become the world's most important market for construction machinery. With the continuous standardization of the domestic market, China's cranes will surely have greater development.