Here is the next passage about machine industry like vertical milling machine
C. Stable in fixed asset investment:
First half of the machinery industry investment in fixed assets totaled 1.99 trillion yuan, an increase of 15.74%. Month by month, the beginning of the investment growth fell sharply compared to last year, from January to February is lower than the growth rate 1.49 percentage points from a year earlier, after a cumulative growth rate rise month on month, in June the cumulative growth rate has been higher than the same period last year 1.65 percentage points, which in June month fixed asset investment growth was 17.88%, showing that the company is getting better on the market expectations.
D. Foreign trade situation is better than last year:
In the first half of this year, industrial machinery import and export trade situation(an increase of 8.87%) was better than last year, Which imports $ 155.9 billion, an increase of 10.96%; exports $ 191.7 billion, an increase of 7.22 percent a year earlier, the growth rate increased by nearly six percentage points; trade surplus of $ 35.8 billion.
General trade exports performed well in the first half, total exports of $ 112.2 billion, an increase of 8.94%, higher than the average growth rate of industrial machinery export growth 1.72 percentage points higher than the processing trade export growth 4.98 percentage points.
Although the first half of the machinery industry's( machine center) foreign trade situation is better, but with the increasingly competitive international market, domestic enterprises need for future changes in the international market well prepared.
E. Financial kicker cost to resume its rally, receivables continued high:
This year, the machinery industry growth rate significantly increased financial costs compared with the previous year, the financial costs since March cumulative growth rate is always higher than 18%. From January to June has dropped to 15.62%, which is higher than the 13.96 percent over the same period last year, machinery industrial enterprises financing environment remains grim.
In the lack of demand, rising financing costs and other multiple factors, industrial machinery receivables continued to remain high, and presented monthly rise, from January to June totaled 3.27 trillion yuan, an increase of 13.48%. In field research, the recovery of the difficulties receivable enterprises generally reflect the problem, and in the recovery of the receivable, the proportion of acceptances increased significantly, thus further exacerbating the pressure on corporate finance fees.
To be continued...
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