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At present, infrastructure investment maintains a relatively fast growth rate, and the increase in the base in the second half of the year constitutes a constraint on the improvement of space. The growth rate of infrastructure investment continues to rise, but the room for improvement is limited. From January to May, the cumulative growth rate of infrastructure investment represented by the production and supply of electric heating gas and water, transportation and warehousing, and water conservancy and environmental protection industry was 24.12%. Infrastructure investment is still in the bottom of the economy, and it is expected to maintain a certain investment scale this year. However, from the perspective of year-on-year growth rate, infrastructure investment last year began to exert force in June, so there is limited room for infrastructure investment growth in the second half of this year.
The new construction rate of real estate is stable at a low level. From January to May, the growth rate of real estate investment declined, and the growth rate of new construction area and commercial housing sales area also dropped slightly. Since the middle of 2012, investment data has gradually bottomed out, and the year-on-year growth rate will converge. From a single month, the newly started construction, construction and completion area in May achieved a positive growth rate of 5.3%, 8.9% and 16.3% respectively, indicating that the current attitude of developers is still relatively positive. Under the circumstances that the real estate regulation and control efforts are not as expected, and the real estate sales momentum is still good, the new construction growth rate of real estate may be stable.
In May, sales of major types of construction machinery continued to grow year-on-year, and the cumulative decline further narrowed, in line with expectations. In May, sales of excavators and loaders increased by 6% and 13.67% respectively, and cumulative sales from January to May fell by 14% and 7.36% respectively. The decline further narrowed; the sales of road rollers in May increased by 7.69%, 1~5. The cumulative monthly sales increased by 6.09% year-on-year, and the growth rate further expanded. In May, the sales of bulldozers fell by 2.99% year-on-year. The cumulative sales volume from January to May fell by 7.84% year-on-year, and the decline further narrowed.
In terms of excavator structure, real estate investment has accelerated the growth rate of sales in mid-May. With the continuous recovery of real estate and infrastructure investment, the small increase in May was 17% (compared with 20% in April), and the growth rate of the excavation increased, with a year-on-year increase of 12% (10% in April). Investment in fixed assets of coal mining is still at a low point, and sales of large-scale digging are still weak, down 38% year-on-year.
Construction Machinery Industry June Report: Demand for Downturn Sales Increases Year-on-Year
Abstract In June, the construction machinery sector continued to lose the mechanical index and the market. In June, the construction machinery index fell by 21.2% in the same month. The mechanical index, Shanghai Composite Index and Shanghai and Shenzhen 300 Index decreased by 18.%, 12.8% and 15.4% respectively. The construction machinery index is large...
In June, the construction machinery segment continued to lose the mechanical index and the market. In June, the construction machinery index fell 21.2% in the month. The mechanical index, Shanghai Composite Index and Shanghai and Shenzhen 300 Index fell 18.%, 12.8% and 15.4% respectively. The construction machinery index underperformed the broader market and the industry index.