Why does the excavator index look at Sany? CCTV says so!

Recently, China Television News, the only national TV newspaper sponsored by China Central Radio and Television for domestic and foreign distribution, published a report "CCTV Financial Excavator Index Measured China's Economic Warmth", focusing on the "CCTV Financial Excavator Index" jointly created by CCTV Finance, Sany Heavy Industry and Shugen Interconnection.

Here's what the report says:

In July this year, which construction machinery was "the most diligent"? On August 16, the "CCTV Financial Excavator Index" jointly created by CCTV Financial New Media, Sany Heavy Industry and Tree Root Internet released the latest relevant data. In July, China's infrastructure construction accelerated, continuing the trend of continuous upward trend since the first half of the year, and the operating rate of some construction machinery hit a new high.Truck cranesThe data is at a new high.

Excavator is the "standard" of infrastructure construction, and it is the vane that reflects economic changes such as infrastructure construction and observation of fixed asset investment. At the beginning of 2021, CCTV Financial New Media reached a cooperation with Sany Heavy Industry, a leading domestic construction machinery company, and officially launched the "CCTV Financial Excavator Index" in September, releasing data in the middle of each month, and releasing quarterly and annual data to truly reflect the progress of infrastructure construction in various parts of China. Up to now, 12 issues of data have been released, with a total of 130 related reports, with a total of 12.67 million hits, and related topic words have been on the Weibo hot search list for many times.

Why did it cooperate with Sany Heavy Industry to launch this index? This is because Sany Heavy Industry is currently the largest construction machinery enterprise in China, with products covering the main categories of construction machinery, and the market share is in the forefront, with a large enough sample size. In addition, Sany Heavy Industry's excavators, pump trucks, mixer trucks, truck cranes, crawler cranes, pavers, road rollers, port machinery and other construction machinery have all achieved online interconnection, and the number of connected samples is the largest in the industry. With every wave of a shovel and a step, real-time work data can be collected in the background, which has become a vane for observing economic changes such as fixed asset investment.

The "CCTV Financial Excavator Index" is released monthly through CCTV Financial New Media, providing separate data of each province and each construction machinery.

The index is not just a simple data, but also the pulse of China's infrastructure. Among them, the monthly data released by the index, with the performance of each province as the entry point, shows China's economic resilience, such as the overall operation volume of China's various construction machinery and equipment in April continued to be stable and improving, Ningxia, Inner Mongolia, Gansu, Xinjiang and other regions continued to be active in infrastructure construction, "Eastern Data and Western Computing" continued to exert force; The average operation volume data of reach stackers related to import and export performed well, and RCEP continued to release dividends; The average operation volume of various types of machinery in Guangdong increased by 9.67% month-on-month, and the overall average operation volume of various types of machinery in Shenzhen increased by 48%, recovering from the epidemic in an orderly manner, reflecting strong economic resilience.

The index has also focused on social focus topics many times, creating a "national economic thermometer" and measuring the warmth of China's economy. If the data is used to reflect the economic changes brought about by the revival of Hubei after the new crown epidemic, in 2021, Hubei won the "first place in the country" in the cumulative average workload of excavators, pump trucks, truck cranes, pavers, and forklifts, not only becoming the province with the most times on the list in 2021, but also the province with the most TOP1, which confirms the strong resilience of Hubei's economy and the resolute and effective epidemic prevention and control across the country; Focusing on the "7·20" rainstorm and flood rescue work in Zhengzhou, Henan Province in 2021, the release of "Henan! Henan! This set of latest data, people's eyes are red", through the Henan excavator operating rate level throughout August has always remained at about 70% of the high data, see that the excavator has played an important role in the rescue period and the aftermath of the work, become the main force of the local excavation of drainage canals, the construction of flood control dams, but also see the national quality of working together to tide over difficulties.

Pay attention to the "CCTV Financial Excavator Index", although the index is small, it is a "national economic thermometer".

Content source: China TV News