Premier Li Keqiang called for solid and stable measures to support upward growth in a bid to achieve the target for economic and social development, while attending a symposium with economists and entrepreneurs, on July 6.
SANY’s excavator index was mentioned by economist Jia Kang to show the upward economic momentum of the first half year of 2017.
Jia said that the “excavator index” was first put forward by SANY, which based on more than 40TB big data.
Jia said that 2016’s excavator index clearly showed that the downturn of construction machinery industry has recovered.
According to SANY excavator index of the first half year of 2017, there are remarkable growths in equipment operation rate and equipment working hours in many regions across China, which reflect the rapid development of domestic infrastructure construction. According to the SANY excavator index in February this year, industry experts had expected construction machinery sales this year to achieve 200-250 percent growth. By this June, China’s excavators have been sold 75068 units, exceeding the total sales of last year. The fact coincides with experts’ prediction.
At a certain degree, excavator index reflects China’s economic situation, which provides a reference for Premier’s work deployment.
What is the excavator index? It is based on big data and the Internet of things (IOT) connecting machines with network, recording machines’ data to get information such as the operation rate of infrastructure construction.
SANY takes the lead to get the excavator index by gathering the real-time operational data by sensors installed in 200,000 machines. With 9 years of accumulation, SANY excavator index has covered more than 5000 dimensions of machines’ big data, reflecting the situation of fixed-asset investment and macroeconomic trends.
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