Opportunities for the layout of the machinery industry in 2020. Since 2019, China’s economic downward pressure has been greater, and the growth rate of infrastructure investment is still at a relatively low level. Infrastructure investment is an effective means to smooth economic fluctuations in the context of economic downturn. It is expected that the growth rate of infrastructure investment will continue to pick up in 2020, stimulating construction machinery Industry needs. In 2019, the growth rate of real estate investment has risen again, and the growth rate of manufacturing investment has fallen sharply. After 6 months of decline in November, the PMI returned to the top of the line of prosperity and dryness. The government’s counter-cyclical control effect appeared, and the economic operation gradually stabilized. It is expected that the growth rate of manufacturing investment in 2020 will gradually pick up, driving the prosperity of general machinery and other industries . It is expected that in 2020, construction machinery and oil service equipment will be
The cyclical industry prosperity represented by the industry will remain high: the turning point of growth sectors such as industrial robots, photovoltaic equipment, and semiconductor equipment may become prominent in 2020. At present, the valuation level of the machinery industry is still at a historically low level, there is much room for valuation repair, and the investment value advantage is obvious. The high point of the cycle sector and the turning point of the growth sector appear, and the machinery industry is expected to usher in a good allocation opportunity in 2020.