The earthquake in Japan will affect China's future import and export of construction machinery
On the afternoon of March 11, an earthquake measuring 8.8 on the Richter scale struck Japan and triggered a tsunami. So far, according to the Japanese National Police Agency, many people in Yamada have died due to the tsunami. The entire village in the Hosoura area of Ofunadu City was swept away by the tsunami and suffered heavy damage. There are about 100 buildings in the Ayasato area of Sanriku, and about 200 buildings in the Echikirai area collapsed due to the tsunami. In addition, there were also heavy casualties in the counties in the earthquake zone. The Great Earthquake seriously affected the rapidly developing Japanese economy. For the reconstruction work after the disaster, the editor of China Construction Machinery Business Network believes that the reconstruction of infrastructure will have an impact on the import and export situation of Japan's future construction machinery market.
The Japan Meteorological Agency said that the earthquake that afternoon was the highest magnitude in Japan's recorded earthquake history, and it was an inverse fault-type earthquake that occurred at the junction of plates. Sun Shiwei, former chief earthquake forecaster at the China Earthquake Network Center, said in an interview last night that the destructive power of the earthquake in Japan is equivalent to more than 20 Wenchuan earthquakes.
As of the press release, China Construction Machinery Business Network has not responded to calls to Japanese companies in the industry, and the damage is still unclear. According to Japan's Kyodo News Agency, the epicenter of the earthquake was located in the Pacific Ocean east of Miyagi Prefecture, with a depth of 10 kilometers, and the earthquake in Tokyo, the capital of Japan, was strongly felt. People poured out of the building, and there were reports of buildings catching fire and smoking in many places.
Experts say it is not yet known whether changes in the earth's crust that triggered a 10-meter tsunami in northeastern Japan will increase the chances of a major earthquake in Tokyo. This may even reduce the chances of a super-earthquake in Tokyo. According to the survey, most of the headquarters of Japanese construction machinery companies in the industry are located in Tokyo, and the current loss situation is not estimated.
The Bank of Japan issued a statement on its website saying it would do its best, including providing additional liquidity to keep financial markets stable. A Hong Kong-based economist said that overall, Japan's major industries did not appear to have been affected by the quake. Any fluctuation in Japan's export sector will inevitably have an impact on an economy that has stagnated at the end of the past 20 years. Japan's GDP fell by 0.3% in October-December, and GDP in the fourth quarter fell by 1.1% from the previous quarter. According to the analysis of relevant experts, the earthquake in Japan may affect 1% of Japan's annual GDP.
Senior analysts at China Construction Machinery Business Network believe that Japan will face large-scale post-earthquake reconstruction and infrastructure construction after the earthquake. Construction machinery companies such as Komatsu, Hitachi, Takeuchi, and Kobelco Construction Machinery will certainly provide a large number of equipment for the construction of the motherland, so it may affect the export volume of Chinese products. Especially in the field of excavators, Japan is one of the main importers of used excavators from China.
In addition, the state's investment in infrastructure construction will surely drive the rapid development of Japan's construction machinery and construction machinery and equipment. Highways, railways, and people's livelihood infrastructure will drive the market sales of road machinery, concrete machinery, construction machinery, etc., and also have a certain impact on the export of domestic enterprises. Taking China's 4 trillion investment as an example, the pulling effect on construction machinery has been obvious, which shows that the Japanese market will have a certain impact on the entire import and export of construction machinery in the future at least in 2011.