In the international economic recession in 2012, the reduction in demand directly affected the mining machinery industry. Statistics show that from January to October, the total output value of the machinery industry was 14.9 trillion yuan, an increase of 11.91% year-on-year. The growth rate was the lowest in nearly 3 years (excluding 2009), and was 13 percentage points lower than the growth rate in 2011.

In 2012, the development of the mining machinery industry was hampered. As one of the important components of the machinery industry, mining machinery has been affected by this economic cold wave. According to statistics, from January to September 2012, the country's mining machinery industry accumulated a total industrial output value of 90.117 billion yuan, an increase of 11.43% over the same period last year, completed a sales value of 87.162 billion yuan, an increase of 9.77%; mining machinery industry completed a total value of 53.228 billion yuan. , a year-on-year increase of 18.88%, the three data are the lowest in recent years. The reason for this phenomenon is mainly due to the excessive growth in production and sales of the mining machinery industry in recent years, and the large amount of social ownership. Under the economic crisis, both domestic demand and foreign demand have shrunk, making the development of mining machinery obstructed.

In 2013, China's macro economy may be slightly warmer than this year, but inflationary pressure will be greater than this year. The growth rate of foreign exports will continue to slow down, and there are many disadvantages in various aspects. For the overall supply situation: procurement costs are slowly rising, financial cost pressures are slowing down, labor costs continue to grow steadily, construction machinery and other circulation sectors have large inventories, and the transition of production capacity is the greatest danger.

In 2013, the mining machinery industry has transformed from a high-speed growth period to a medium-speed growth period. Understand the downward pressure in 2012. The situation is still tight next year and will not significantly pick up. Faced with this situation, mining machinery companies should not passively wait for the market to improve or national policies to support, but should take the initiative to change their own and improve the innovation of enterprises.

Many of China's mining machinery manufacturing companies are blindly imitating other products on the market to carry out imitation production, lack of competitiveness, and will naturally be eliminated in the economic situation where demand is shrinking.