Hello 2024, Byebye 2023!
The World has experienced two global economic crises since 1900, The Great Depression in 1929 Started in the United States & the global financial crisis caused by the subprime mortgage crisis in 2008, While COVID-19 epidemic happened in 2020, leaded to arrival of unlimited quantitative easing in the United States in March 2020. And Federal Reserve started an interest rate hike cycle In March 2022. So far, the US 52W Bonds Yield is 4.84% and the US 10Y Bonds Yield is 3.8344%. The global economy is still experiencing high temperature cooking. According to Mr. Fu Peng, chief economist of Northeast Securities,The subprime mortgage crisis in 2008 has not yet cleared up the accumulated problems of the new Internet economic era in 1980.
Like the old saying: Only change is eternal, and we will actively embrace new trends. The international system has experienced the League of Nations led by the United Kingdom, the United Nations led by the United States, and now has undergone major changes unseen in a century. Global integration is undergoing challenges, tariff protection is on the rise, and regional economic integration is developing rapidly around the world.
In 2015, 178 parties around the world jointly signed the Paris Agreement, which also marked the trend of global energy shifting from fossil energy to green energy and renewable energy.
So as a traditional power unit supplier, what will we do in 2024?
In addition to covering the original traditional energy product lines:
1、Cummins diesel generator set (Land Use, Marine)
2、Original Cummins China factory powertrain ( (application on Cummins Powered Truck ISF2.8 engine,Cummins Contruction Engine,Cummins Generator Engine,Cummins Agriculture Pump Engine);
3、Original imported Cummins engine parts & Orignal Cummins china egine parts including (4B3.9,6B5.9L,6C8.3,6L8.9,6Z,M11,N855,K19,K38,K50 Series);
4、Explosion proof diesel engine for hazard area (Underground Coal, Offshore Oilfield)
5、We also provide domestic and foreign customers with low-carbon and environmentally friendly new energy sources such as photovoltaics (home, agriculture, industry, distributed photovoltaic power generation, centralized photovoltaic power generation), energy storage power stations, wind and solar hybrid, natural gas/biogas power generation units, etc.