The central bank cut interest rates for the first time in three and a half years. It is interesting to note that the central bank has also adjusted the upper and lower limits of the floating range of deposit and loan interest rates of financial institutions. So, what impact does this interest rate cut have on the machine tool industry that is waiting for orders?
First, in the short term, interest rate cuts will help machine tools and manufacturing companies improve their financial position . Manufacturing companies such as machine tools will take short-term borrowings. The central bank cut interest rates, and the benchmark interest rates for loans for six months, one year, and one to three years are lowered. The range is higher, down 0.36%, 0.27% and 0.27% respectively. In other words, for companies with higher growth in short-term loans, the benefits are more obvious. Take Liugong, a listed company in the manufacturing industry, as an example. Its short-term debt ratio is as high as 2199:1, which is the highest among all companies. It can be seen that the central bank's interest rate cut is the most obvious for the manufacturing industry.
Secondly, in the medium and long term, interest rate cuts indicate that the further economic stimulus policy or the biggest problem currently encountered in the machine tool industry is that there are too few orders, and this is closely related to the macro economy. It can be said that the macro economy is live, the machine tool industry is strong; the macro economy is weak, and the machine tool industry is rampant. In May, China's manufacturing purchasing managers' index PMI hit a new low in the year, indicating that weak demand has greatly cooled corporate activities. The machine tool companies in the front line have really felt this coolness. The interest rate cut shows that "this is a strong boost to the current steady growth, and it is a substantial measure to promote economic growth." Economist and vice president of Chengdu University Zhang Qizuo bluntly said: "The intention of the central bank is very obvious, time "No one waits." "The current steady growth has once again become the focus of current economic policies. The central bank's interest rate cuts are also consistent with international trends." Ba Shusong, a researcher at the Financial Research Institute of the State Council Development Research Center, said. After launching a series of measures such as supporting the home appliances to the countryside and subsidizing energy-saving products in the early stage, the current monetary policy has also been fully launched, forming a “two-wheel drive†situation. The interest rate cut will continue to reverse the previous policy expectations, and the central government will introduce more industry policies to support economic development. In this market expectation, even before the market expectation of interest rate cuts, in the opinion of industry experts, the central bank's response measures will help improve market expectations, reduce financing costs, and promote enterprises to expand investment. In fact, as the central bank cut the deposit reserve ratio on May 18, the liquidity of the interbank market has become extremely abundant recently, and interest rates in the money market have fallen sharply. In addition to the pre-adjustment and fine-tuning of monetary policy, some experts believe that the government will adopt more fiscal stimulus and open more industries to accept private investment. Under the influence of these policies, the economic growth rate in the second half of the year will steadily rise to over 8.5%. Interest rate cuts are a major policy signal. The machine tool industry should pay attention to the shift and adjustment of this macroeconomic policy and make precautions. Although we do not expect the industry to recover from the hot scenes of last year, at least it should not be so pessimistic.
LED Track Line Lights
What is linear track lighting?
LED Track line lights are commercial track lights, suitable for supermarkets, stores, exhibitions and other places. Combinable with Cob Spotlight, ambient and accent lighting are on the same track for easy installation. And the flexibility is also very strong to move on the track. It is different from other led linear lights in that it is very invisible because it is an LED Linear Light embedded in the track. The light efficiency is 110-130lm/w, Flicker-free driver, THD<15%, the color rendering index can reach up to 97. Compared to other LED Track Lights, this Led Track Linear Light will cost less. So if you are looking for cost-effective and good quality LED Track Lights, you can choose this product.
There are 3 different types of this led track lighting:
1. PC Led Track Linear Light: Its beam angle is 120 degrees, and the diffuser is made of an imported PC that doesn't turn yellow easily.
2. Grille Linear Track Light with straight blade louver: Its beam angle is 24°, 50°, 60°, 90°, UGR<19. It can better protect human eyes.
3. PMMA Linear Track Light with Micro Prismatic Optic: UGR>19 anti-glare, the lens is very beautiful and delicate.
They can match the following brand tracks:
These lights come in 4 sizes: 2ft, 3ft, 4ft, and 5ft. There are 4 wattages: 10w, 20w, 30w, and 40w.
The main specifications are 2ft, 10w; 2ft, 20W; 3ft, 20W; 3ft, 30W; 4ft, 30W; 4ft, 40W; 5ft, 30W; 5ft, 40W.
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