Influence of Economic Growth Rate on Concrete Mixer Industry

According to relevant data, growth goal of GDP in this year has reduced 7.5% when comparing with former years, which is less than 8% for the first time within seven years, so whether such economic growth goal will affect development pace of China machinery industry?

Comprehensively speaking, slight adjustment of economic growth rate is macro-control which is decided by economic trend at home and abroad. Then, what is economic growth rate? It is comparison of GNP at last phase and base period. Growth rate of GNP at last phase calculated according to current price is theoretical economic growth rate while rate calculated on the basis of constant price (base price) is practical economic growth rate. Practical economic growth rate, namely speed of economic growth, which is not only the dynamic indicator reflecting level and change of economic development in a given period but also the basic index checking whether economy of one country is vigorous, is generally adopted to evaluate economic growth, so it is obvious to see important role of growth rate. Now, based on domestic economic development level and comprehensive national strength, China has reduced economic growth rate, which can be called intentional adjustment. Therefore, to concrete mixer industry, the next one or two years will be a turning point.