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Power equipment Market Overview

Power equipment Market Overview

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A quarter of decline in the national power investment in power generation equipment production units significantly reduced, China's total production of 23 million 103 thousand and 900 kilowatts, up sharply down 14.42%, a decline of 5.52 percentage points over the previous year to expand. The first quarter of 2013, investment in power engineering construction in our country continue to decline in 2012 continued to decline, resulting in power generation equipment production continued to decline; and the power grid construction investment growth, stimulating part of power transmission equipment production increased steadily.Since 2013, with the rapid development of the national UHV power grid construction, China's power grid project investment to maintain rapid growth momentum, pulling the steady increase in the production of transformers. In the first quarter, China's power grid project investment 58 billion 200 million yuan, a substantial increase of 34.7% year on year, the cumulative production capacity of the transformer is more than 31806.95 KVA, an increase of 6.46%, the growth rate of the previous year increased by 6.10 percentage points
2013 first quarter, China's economy did not continue to stabilize the situation in the second half of 2012 rebounded, GDP grew by 7.7%, compared with the previous year's 4 quarter fell by 0.2 percentage points, lower than previously expected levels. The slowdown in economic growth driven by the demand for electricity consumption growth decreased synchronously, a quarter of the total electricity consumption growth rate year-on-year decline, the overall balance of the country's electricity supply and demand, in this situation, the national power investment continued to decline, a quarter of the country's main power generation enterprise project investment 61 billion 800 million yuan, down 17.1% over the previous year.
The first quarter of 2013, China's economic growth rate has declined, but overall still maintained at a high level, especially the power equipment of power transmission equipment and electrical equipment demand remains steady growth, thereby stimulating imports of the rapid growth of the industry; at the same time, the world economy has been warmer, the international power equipment market demand a modest recovery, I pull the power equipment China's manufacturing exports continued to grow. In the import and export growth driven by two, the first quarter of China's total import and export of electric power equipment manufacturing industry rebounded significantly.
The first quarter of 2013, China's economy once again showed signs of slowing down, iron and steel, nonferrous metals and other raw material prices low volatility, electric power equipment manufacturing production costs at a relatively low level; at the same time by the industry overcapacity, fierce competition in the product market, a common means of low bid for corporate competition. Affected by the above two factors, the 1 quarter of China's power equipment manufacturing industry most price decline, in the electric power equipment Chinese Machinery Industry Federation statistics, 22 small manufacturing industries, there is decline in price index rose only 16 sub sectors, 6 sub industry price index.

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