China Market Demand for Chain Block

　　Since 2010, with the gradual recovery of China economy, demand for chain block in areas of road construction, real estate construction, railway construction increases. It will grow further on the effect of national construction projects and invest in real estate industry.

　　China has become the biggest market in the world of chain block with an annual average growth rate of 30%. It seems that China is experiencing its peak moment in construction of transport, energy and water conservancy, urbanization, which makes the market more promising.

　　Newly designed chain blocks are released one after another. Those companies which has occupied over a half of the market publicize new products in order to consolidate their places in the market and create new profit growth points while some of them which play a significant role in other areas expect to take their places in chain block field and others which take the advantages of their overseas subsidiaries to complete their industrial chain and become more competitive.

　　Recovery momentum of economic recovery becomes strong while urban fixed asset investment maintains more than 30% growth rate for 4 consecutive months, real estate continues to recover, and PMI (manufacturing purchasing manager’s index) for 5 months is higher than the critical point of 50%. Domestic investment directly boosts the growth of economy which also enhances our belief in the development of the chain block industry.

　　At present, China has become the heart of chain block manufacturing where it not only has the biggest market but the largest output. China had been put on the list of the global chain block supplying chain in its internationalization. As China's influence in the international market continues to expand, especially in keeping an increasing friendly relationship with developing countries, it continues to get its chances to export while there is a downturn in the world market.

　　There is a promising market in China because of its broad territory with an arduous task of economic construction. Therefore there is a large demand space for chain blocks with the speeding up of the construction and the increasing of projects.

　　China's macroeconomic data show that the momentum of China's economic recovery is more and more obvious, At present, China has become the world's largest chain hoist market, not only the largest market sales, and production is the largest country, is the world chain hoist industry manufacturing center. In the process of internationalization, China's chain hoist market has gradually been included in the global chain hoist supply chain system. As China's influence in the international market continues to expand, especially in developing countries, the relationship between the increasingly close in the global export market downturn, the chain hoist industry can still get a lot of export opportunities. The future of hand chain hoist industry prospects, China's vast territory, the task of economic construction is very heavy, chain hoist market demand is very large. The central and western regions and the northeast region with the accelerated economic construction and construction projects increased demand for chain hoists will also increase year by year.