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Construction machinery will continue to sell in the future
The future of construction machinery is expected to last. China's urbanization process is still far behind the status quo of developed countries, which determines the long-term development of construction machinery. The impact of the current macroeconomic policy tightening will not bring a fundamental contraction to the development of the industry. The imbalance between the development of China's eastern and western regions and the huge demand of emerging developing countries will continue to drive the rapid development of the industry. The speed of national security housing construction, infrastructure investment and export recovery is an indicator of industry growth. Construction machinery grew rapidly in the first quarter. In 2010, major construction machinery products such as excavators, bulldozers, cranes and loaders all increased by more than 30% year-on-year, with some growth reaching 60%. In January and February this year, the sales of construction machinery such as concrete machinery, cranes and excavators of major manufacturers exceeded market expectations again. We continue to be optimistic about the traditional sales season in the early second quarter, and we can continue to focus on investment opportunities of leading companies before this period. We recommend Zoomlion and Sany Heavy Industry. The marine engineering sector welcomes long-term investment opportunities. Against the background of high oil prices and turbulent international oil-producing countries, we are optimistic about investment opportunities in offshore oil exploration and domestic leading enterprises with R&D, manufacturing and management capabilities, both in terms of national energy security and corporate profitability. It will gradually narrow the gap with international leading companies and gain more market share. The trend of international oil prices has become the leading indicator of the short-term offshore engineering sector. We are optimistic about its long-term development trend and can gradually build a position on dips.