According to media reports, the recent financial turmoil on the economic impact of China's worst performance in the export business, engineering machinery industry in the same way as a result of the construction machinery industry is rapidly declining growth rate, in recent years has exposed China's construction machinery industry of high-speed Growth to a large extent, dependent on the export-led. According to current data estimates that this year China's construction machinery industry's total foreign trade volume is expected to be 200 billion U.S. dollars, of which export was 140 billion dollars and imports at 60 billion dollars.

According to the IMF forecast global GDP growth next year will be 2.2 percent, while the World Bank's forecast is more dismal, only 0.9 percent. Such a financial environment, China's construction machinery business next year's unusually severe export situation, many companies previously expected next year's exports have been adjusted in the near future, for example, Liugong, March 1, Xugong, and other companies will increase exports The expected reduction to 50%.

Analysis of the industry, the financial turmoil, many of the wealthy oil producers, the economic situation in the financial crisis greatly affected by the earlier of China's construction machinery market is the product of the rapid growth of export markets. For example, on the Dubai property market has been seriously affected, and many were forced to stop work. Russia and other regions have been a number of domestic enterprises have great expectations, but the current market decline is very clear. In the face of financial crisis, China's construction machinery industry is a serious setback loaders and other industries, mainly due to domestic enterprises have been greater than the capacity of the domestic market demand, production of these products will certainly increase dependent on exports.

Despite China's exports of mechanical engineering crisis, but some industry experts believe that China's construction machinery is still cost-effective products with very strong advantage. They say that although Chinese products in local and foreign advanced technical level there is a big gap with China, but labor costs Europe and the United States and other countries with labor costs than the gap, or much smaller, the current RMB in the international The appreciation of the financial market, it will not cost too much to offset the gap, China's product competitiveness in the international market will continue to exist for a long time.