First, Global Macroeconomics: The world economy maintained a relatively clear recovery in the first half of 2017. The growth rates of the major economies were higher than those in 2016, with steady growth in the U.S. and Euro areas, rapid growth in emerging Asia, Economic growth in the Russian-speaking regions and Latin American countries turned negative from positive while Middle East and North Africa were affected by political factors. Economic growth declined.
Second, "Belt and Road" effectively promoted the overseas exports of construction machinery: In the first three quarters of this year, China's import and export to the traditional market recovered completely, and the import and export of some countries along the "One Belt and One Road" grew rapidly. China's import and export to the EU, the United States and Japan increased by 16.4%, 18.7% and 14.9% respectively, accounting for 36.8% of the total import and export value of China. In the same period, China's import and export to countries along the "One Belt and One Road" increased by 20.1%, surpassing the overall growth rate of imports and exports by 3.5 percentage points. Among them, the import and export of ASEAN increased by 19.2%, the import and export of India increased by 25.9%, the import and export of Russia and Central Asia increased by 27.7% and 23.6% respectively, becoming a major highlight of global trade. The core of the "Belt and Road" strategy is interconnection and increased demand for infrastructure projects and equipment. The AIIB and Silk Road Fund provide investment and financing services for projects in the "Belt and Road" process to address bottlenecks in funding needs.
Third, with the global construction machinery market pick up, the United States to increase infrastructure construction, coupled with the gradual deepening of the overseas layout of construction machinery enterprises, the future growth of overseas markets is expected to be better.
Fourth, the continuous improvement of the quality of national brand products, has been comparable to the world-class brand, with the deepening of the strategy to go out, products in North America, Europe and other markets have gradually been recognized.
