October loader sales increased by 54.25% over last year

â—† Sales in October declined slightly, and will remain stable in the next two months.

In October, the sales volume of loaders fell to a certain extent compared with September. Compared with the overall performance in 2010, sales performance in October was weak. The remaining two months are expected to enter a weak market stability and maintain market performance in recent months. In October, the top four loaders sold were Liugong, Longgong, Lingong, and Xiagong. In addition, among the top ten companies, Lingong has grown by 74.14% over the same period of last year, and the growth momentum is obvious. Case's backhoe loader sales performed well, doubling growth, but overall sales were still low.

â—† In October, the export market fluctuated and the export environment became more complex.

In October 2010, China’s export sales of loaders fell slightly from the previous month, an increase of 54.25% over the same period last year.

From the perspective of the world economic situation, U.S. consumption growth has been slow and the economic recovery has been insufficient. The Obama administration’s second stimulus economic plan has been launched. Although it may be conducive to promoting economic growth in the short term, it may bred greater liquidity risk in the long term. At the same time, the potential financial risks of the U.S. banking industry deserve attention. In addition, global trade protection is escalating, pressure on the appreciation of the renminbi will increase and other factors will make China's foreign trade exports suffer more resistance. Therefore, we must pay close attention to changes in the future of the foreign trade environment.

â—† The CPI continued to hit a new high and the currency faced significant tightening pressure.

The CPI exceeded market expectations and will continue to raise the deposit reserve ratio during the year. It is also possible to raise interest rates again.

CPI exceeded market expectations, mainly due to pressure from food prices. Judging from the current situation, the forecast that the market’s expected CPI will gradually fall in the fourth quarter is basically undone, and the pressure of continued upward pressure is relatively large. With abundant liquidity, inflationary pressures have gradually increased and interest rates may be raised again within the year by a rate of 0.25 percentage points. From the point of view of monetary policy, the signal from moderately relaxed to stable has been very clear. If the inflow of hot money continues to increase, then the deposit reserve ratio will also rise during the year.