China Heavy Machinery Association recently hosted league competitions and large backbone enterprise of China Heavy Machinery Industry intersite exchange meeting in Chengdu.


The meeting summed up the 2011 annual heavy machinery industry: First, the slowing demand for enterprise order quantity dropped significantly; the product ordering price decline, comprehensive rising costs, profitability is up by a substantial decline in the face of loss-making enterprises increased; Third, liquidity tight owed ??money phenomenon is still increasing. The meeting analyzed the running trend of Chinas economic future, the meeting emphasized the heavy machinery industry will face even more severe market situation, the survival and development of enterprises should fully understand the difficult nature, to tide over the crisis over the winter.