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                CCTV Finance X Sany Heavy Industry: The overall operating rate of construction machinery in China in October was 61.35%, reaching a new high in the second half of the year

                Article source:CCTV Finance Upload time:2023-11-20

                Excavators are the "standard configuration" of infrastructure construction and the wind vane to reflect infrastructure construction and observe economic changes such as fixed assets investment. The "CCTV Finance Excavator Index" jointly created by CCTV Finance, Sany Heavy Industry, and Shugen Internet has released the latest relevant data. In October, the overall operating rate of construction machinery in China was 61.35%, reaching a new high in the second half of the year. China's infrastructure construction has accelerated, and multiple sets of data demonstrate the surging momentum of the Chinese economy, steadily advancing high-quality development.

                The October operating rate transcript was released, and Anhui, Jiangxi, and Zhejiang ranked among the top three in China. In October 2023, the overall operating rate of construction machinery in China was 61.35%, an increase of 1.39 percentage points compared to the previous month, marking a new high since the second half of the year. From a national perspective, a total of 12 provinces have operating rates exceeding 70%. Among them, Anhui, Jiangxi, and Zhejiang ranked among the top three in China with 80.19%, 74.98%, and 74.06% respectively. In the first half of this year, Anhui had the highest operating rate in the country for five consecutive months.

                In October 2023, 26 provinces across the country achieved a month on month positive increase in operating rates. Among the top ten provinces with operating rates, the central provinces occupy 4 seats. Henan and Anhui ranked among the top two in terms of month on month growth rate in China.

                From March to October 2023, there are five provinces that have maintained a high operating rate of 70% each month: Anhui, Hainan, Zhejiang, Jiangxi, and Hubei. The operating rates of multiple major economic provinces have remained stable at high levels, laying the foundation for a sustained improvement in economic performance in the fourth quarter.

                In October 2023, the average operating rate of mining equipment was 65.79%, an increase of 4.11 percentage points compared to September. Among them, excavators are the provinces with the highest increase in operating rates among all equipment, with a total of 29 provinces achieving a positive month on month increase in operating rates. Among them, 17 provinces saw a month on month increase in operating rates of over 3 percentage points.

                Starting from March 2023, the total pumping volume of concrete equipment in China will remain high. In October, seven provinces including Fujian, Guangdong, Jiangsu, and Shanghai achieved a month on month increase in pumping volume, with Fujian Province experiencing a month on month increase of 12.97 percentage points. The scale of engineering construction in major economic provinces is evident, laying a solid foundation for the stabilization and recovery of the economy in the fourth quarter.

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