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Our Special Vehicle Industry Will Welcome The Great Development
Apr 23, 2016

Data show that the past five years, China's private car industry is developing rapidly, far more than the same period the overall auto market growth (average annual growth of the overall car market by 24%, 27% of which passenger cars), from 2005 to 2009, Category 6 special purpose vehicles (except ordinary dump truck and trailer) yield average annual growth rate as high as 79.2%.

Xu Changming believes that China's special vehicle industry to achieve rapid development for two main reasons. The first is due to China's rapid economic development. Since the reform and opening up, China's average annual economic growth rate of 9.9 per cent of total economic output has also risen rapidly, especially in the past 10 years, more growth. Chinese economy in the world has achieved a historic breakthrough in China's GDP last year ranked second in the world.

The second is the extensive economic development model in China. China's economic development mode Unlike the United States, at the peak of the US economy, heavy truck sales of only 20 million, last year sales of about ten million, while China's heavy truck sales last year, more than one million, five times more than the United States, but the total GDP of the United States is 2.5 times. Over the past 10 years, China's average annual GDP growth of 10.5% over the same period, China's coal mining average annual growth of 8.2%, 11.8% average annual growth of electricity generation, steel production average annual growth of 15.9%, after two data even more than the total GDP grow even faster. Physical volume growth, driven by direct transport category special vehicle demand. In 2009, China's cement output of over 160,000 tons, an increase of 16.4%, resulting in rapid growth in sales of concrete mixers. China's coal consumption accounted for 42.6% of total world consumption, the total GDP in similar circumstances, the Japanese coal consumption accounted for only 3.9%, which determines China has a large demand for truck class trucks, special