World stagflation and development of Chinese construction machinery (2)
There is reason to believe that the global stagflation situation will remain for one to two years, which will depend in part on the outcome of the US elections. If the United States wins the Democratic Party elections, its policy of favoring people's livelihood will help expand US domestic demand and restore the US dollar's firm position, thus alleviating stagflation. If the Republican Party wins, it may stick to its existing economic policies, making stagflation worse. Previous page
The impact of world stagflation on China's construction machinery exports is serious. In this shock, the way out for Chinese construction machinery is to accelerate technological progress, form a relatively complete industrial chain in China as soon as possible, and get rid of dependence on key foreign components. In terms of raw material consumption, we should make a fuss about improving product quality and efficiency, and develop raw material-saving technologies. In this regard, Japan is a typical example. Japan itself is a country with extremely scarce resources. Every time the price of energy and raw materials rises, it will inevitably bring heavy cost pressure. However, with the development of Japan's high-material and high-energy intensive economy, the price of global energy and raw materials has risen every time, which is when Japan's raw material-saving and energy-saving technologies and equipment are exported. In this way, Japan has earned a lot of profits in the raw materials and energy crisis. It turns out that only by mastering the core technology can we be invincible in any situation.