投资要点:1、宏观调控相助行业走出困境。2、投资增速启稳提升机械需求。2012年继续调整:12年国内经济增长呈现持续放缓的态势,随着通胀下行,政府在财政政策上趋于积极,但力度温和,基建领域加大投资的对冲作用相对有限。由于整体投资下行,机械产品需求普遍疲软,上市公司多数业绩表现不佳。 Investment points: 1, macro-control help the industry out of the woods. 2, steady growth of investment to enhance machinery demand. Continued adjustment in 2012: In the 12 years, the domestic economic growth is showing a sustained slowdown. As inflation goes down, the government tends to be more proactive in its fiscal policies. However, it is moderately moderate and the hedging effect of increasing investment in infrastructure projects is relatively limited. As a result of the overall investment downturn, the demand for machinery products was generally weak, and most listed companies performed poorly.