Your location:  Home  >  Bearing News  >  China Market
<<  Back

China GDP is rising steadily, and machine tool ETF (159663) is expected to continue to benefit from high-quality development

Resource from:  cbcc Likes:43
Jul 19,2024

On July 15, small-cap stocks continued to decline, and the machine tool sector fluctuated lower after opening higher. Xinshida, a holding of the machine tool ETF (159663), fell more than 7%, and stocks such as Collier, Shandong Weida , East China CNC, and VEICHI Electric They fell one after another. As of 14:30, the Machine Tool ETF (159663) fell 1.91%.

下载.png

On the news, on July 15, the National Bureau of Statistics released data showing that the GDP in the first half of the year was 61,683.6 billion yuan, a year-on-year increase of 5.0% at constant prices. The national economy is operating smoothly, production is growing steadily, demand continues to recover, employment and prices are generally stable, residents' income continues to increase, new drivers of growth accelerate, and high-quality development makes new progress.


Divided into three categories, the added value of the mining industry increased by 2.4%, the manufacturing industry increased by 6.5%, and the electricity, heat, gas and water production and supply industry increased by 6%. The added value of the equipment manufacturing industry increased by 7.8%, and the added value of the high-tech manufacturing industry increased by 8.7%, which were 1.8 and 2.7 percentage points faster than all industries above designated size respectively.


my country ranks first in the world in machine tool production and value, but the high-end localization rate is less than 10%. In recent years, driven by manufacturing upgrades, independent controllability and policy design, the industry has ushered in high-end breakthrough opportunities. Everbright Securities analysis believes that in the context of the recovery of the global manufacturing industry, the operating rate of enterprises has increased, which is expected to drive the demand for tool products to increase. The localization rate of high-end machine tools and parts is still at a low level and is expected to benefit from the increasing attention of the market's "special evaluation".


Machine Tool ETF (159663), the closely tracked CSI Machine Tool Index, focuses on the high-end equipment manufacturing field, involving laser equipment, machine tool tools, robots, industrial control equipment and other industries. It is expected to continue to benefit from the positive catalysts of new productivity and large-scale equipment replacement policies. Offsite connection 017573/017574.

(cbcc)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.