Innovations on the Impact of Economic Slowdown

Compared with other countries in the world,  Chinese economic growth rate has been enviable. But the updated data in China  shows a significant drop in speed, which caused a big problem for other  countries. Under the effect of the Chinese economic slowdown, what impacts on  earth have affect the overseas mining equipment manufactures?

Siemens, BASF, United Technologies and  Hitachi, Ltd. showed that the impact of Chinese economic slowdown has brought a  great influence on them.

The situation of Siemens is becoming more terrible  due to less large orders in China. Hitachi showed its first-quarter sales of construction  equipment in China fell more than 40%, and this trend would get rebound till  January in the next year at least. Caterpillar has reduced production in China  and the Joint Technology company also lowered its estimate of subsidiary sales,  which mainly caused by the weak demand from China.

However, problems are often accompanied  with forceful tackles and changes of national policy. Some measures means that China  will change some of the existing development policies. For instance, the  Government will promote the high-ranking development of the network value chain  in the industrial structure, so that to get rid of the status of China as a low  value-added producer.

Whether affected by the pressure of Chinese  economic slowdown or the challenges from Chinese policy shift, mining machinery  industry should take this as an opportunity. Companies should set the high-ranking  development of industrial structure as the basic requirement; improve technology  innovation and equipment production to avoid traditional, aging, backward  production, So as to avoid increasing burden in their own development and  progress of national industry.

Yantai Xinhai Mining Machinery Co,.Ltd.  regards innovation as a cornerstone to exceed other companies. Xinhai mineral  processing EPC provides one-stop services for the mine owners. We always takes  high-ranking technology, equipment and services to meet challenges and make  achievements. For example, dry tailings discharge technology has provide a good  solution to deal with the problem of mining tailings and its market is becoming  larger and larger. With unique wear-resisting rubber applying in all kinds of  mining equipment to improve our wear-resisting performance, slurry pumps,  cyclones, and other products are exceed supply. We believe that only remaining  at the forefront of technological innovation can the company ranks in the  forefront of the social economy.