With the development of macro policies, the construction machinery industry is actively recovering

On March 5, the Premier of the State Council delivered the "Report on the Work of the Government" at the fifth session of the 13th National People's Congress, during which the full text mentioned "basic equipment" 5 times, of which 2 were the content of new basic equipment, and 3 were traditional infrastructure. Compared with the six mentions of "basic equipment" in 2021, there are some new trends in overall security. In 2022, it is planned to organize 3.65 trillion yuan of local government special bonds. Support the follow-up financing of projects under construction, and start a batch of qualified major projects, new basic equipment, renovation of old public equipment and other basic construction projects.
      The central budget has invested 640 billion yuan in the organization, focusing on the country's major strategic deployment and the "14th Five-Year Plan", and appropriately advanced infrastructure investment. Build key water conservancy projects, integrate three-dimensional transportation networks, major energy bases and equipment, speed up the renovation of urban gas pipelines and other pipeline networks, improve flood control and drainage equipment, and continue to promote the construction of underground integrated pipe corridors.

      Promote the coordinated development of the Beijing-Tianjin-Hebei region, the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, the integrated development of the Yangtze River Delta, the ecological maintenance and high-quality development of the Yellow River Basin, the construction of the Xiongan New Area with high standards and high quality, and the support for the construction of Beijing's urban sub-center.
      Promote urban renewal in an orderly manner, strengthen the construction of municipal equipment and disaster prevention and mitigation capabilities, and start the renovation of a number of old urban communities, and promote the construction of barrier-free environments and aging-friendly renovations. Strengthen the construction of county infrastructure. Start the rural construction action, strengthen the construction of basic equipment such as water, electricity, air, mail, etc., and promote the improvement of toilets and sewage and garbage disposal in rural areas according to local conditions.
     At the beginning of the new year, infrastructure has ushered in a "good start"

     According to data released by the National Bureau of Statistics on March 15, from January to February, the national investment in fixed assets rose by 12.2% year-on-year, an increase of 7.3 percentage points over the previous year; the total retail sales of consumer goods increased by 6.7% year-on-year, an increase of In December 2018, it expanded by 5.0 percentage points, and the added value of industries above the planning level rose by 7.5% year-on-year, 3.2 percentage points faster than that in December of the previous year.
      In the secondary industry, industrial investment increased by 19.8% year-on-year. Among them, the investment in the mining industry increased by 21.1%, the investment in the manufacturing industry increased by 20.9%, and the investment in the production and supply of electricity, heat, gas and water increased by 11.7%.
In the tertiary industry, investment in infrastructure (excluding electricity, heat, gas and water production and supply) increased by 8.1% year-on-year. Among them, the investment in the water conservancy management industry increased by 22.5%, the investment in the public equipment management industry increased by 4.3%, the investment in the road transportation industry increased by 8.2%, and the investment in the railway transportation industry decreased by 8.0%.

     Since the beginning of 2022, China's economy has been under the influence of two positive and negative forces, the downward pressure and the policy of steady growth. The overall performance has improved compared with the previous period, but it is still facing greater uncertainty. From the perspective of endogenous economic kinetic energy, the kinetic energy on the demand side is still only one of external demand. In the consumption field, the outbreak of the new crown epidemic in many places still affects the consumption of the service industry, and the consumption of durable goods has also entered a stage of slowdown, which restricts the overall recovery of consumption; in the field of investment, real estate investment is affected by weak expectations and recovery is slow, infrastructure construction Contributions showed obvious signs of rising under the support of funds.
     The first growth rate of subsequent infrastructure construction continues to be high

     Data from the National Bureau of Statistics shows that from January to February, investment in infrastructure equipment increased by 8.1% year-on-year, a sharp increase of 7.7 percentage points over the previous year. Among them, the investment in the water conservancy management industry increased by 22.5%, an acceleration of 21.2 percentage points; the investment in the information transmission industry increased by 15.2%, an acceleration of 4.6 percentage points; the investment in the road transportation industry increased by 8.2%, and decreased by 1.2% for the whole year of 2021.
      As the country's policy of steady growth and steady investment continues to take effect, investment other than real estate development is expected to maintain a strong growth trend in 2022. From January to February, the number of new projects funded increased by 1.1 times year-on-year, and the total investment in new projects increased by 62.8%; the national budget funds increased by 33.9%, and the self-raised funds increased by 13.2%.
     There is a close relationship between the obvious recovery of infrastructure investment and the support at the capital level. In the first two months of 2022, local governments issued a total of 877.5 billion yuan of new special bonds. According to the data in the budget report, the budgetary revenue of national local government funds in 2022 is expected to be 9.442 trillion yuan, an increase of 0.4% year-on-year.
     At the same time as the funds are released, the localities are also stepping up their efforts to stabilize the infrastructure. According to Jiemian News statistics, since January, various provinces, municipalities and autonomous regions have successively released investment plans for major projects in 2022, with a total amount exceeding 30 trillion yuan, and the list was released about 2 months earlier than previous years, and the start of construction was earlier than in previous years.

     In the 2022 government work report, it is proposed to actively expand effective investment. From the perspective of the investment plans for key projects in 2022 in various regions, the construction of key projects has become an important starting point for each province to expand investment and steadily increase this year. According to incomplete statistics, 19 provinces across the country have released a list of key project investment plans for 2022, including Beijing, Shanghai, Tianjin, Guangdong, Jiangsu, Zhejiang, Sichuan, Guizhou, Hebei, Anhui, etc. During this period, the annual planned investment of Anhui, Jiangxi and Zhejiang provinces all exceeded one trillion yuan.
      Investing in basic equipment ahead of schedule in 2022 will help drive the demand for products in the construction machinery industry. At that time, localities were accelerating the resumption of work and production, increasing the construction of "two new and one heavy" construction, and manufacturing investment was also recovering. "The macro policy is forming an increase in synergy, and various favorable factors continue to accumulate and transmit, supporting the increasing tolerance of the construction machinery market demand.