Mining Machinery Industry Has a Promising Future

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The mining machinery industry is a potential pillar industry which has an important impact on the development of the country. With the support of national policy and guidance, the mining machinery industry will develop towards the international high-end market by deepening the reform, actively adjusting structure of the industry and the product changing the mode of economic growth.Recently, the central bank announced that the financial institutions RMB benchmark rates of the deposit and loan interest rates would be cut. The financial institutions one-year deposit and loan rates are cut by 0.25 percentage points, and other deposit and loan interest rates and inpidual housing provident fund deposit and loan rates will also be adjusted accordingly. This measure will drive the pace of development of market economy. It is an opportunity but a challenge for the development of the mining machinery industry. In order to deal with the more and more fierce market competitiveness, the mining machinery enterprises will improve production quality, technical content and requirements of machinery and equipment. At the same time, the development of new energy, energy saving industry and other emerging industries also become a necessary factor for the mining machinery industry to further improve the design and manufacture of technology and information application level.Scientific management, advanced processing technology and innovative manufacturing theory make Fote Heavy Machinery become the exporting base of impactor crusher, mobile stone crushing machine and famous grinding equipment in China. What Hongxing has done is for the clients and we believe that quality is the best way to develop market.Facing the pressure of market competition at home and abroad, Fote machinery uses innovation as her means to commit to the new research and development

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