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CHINA PRESS
CHINA PRESS: Year-on-year growth of excavator sales continued to be robust in
July and in the January-July period, according to data released by the China
Construction Machinery Association, Wind Information reported Tuesday. Sales
rose 108.9% y/y to 7,656 in July, the 12th consecutive month of at least 40%
growth, Wind said. In the January-July period, 82,725 excavators were sold, a
y/y increase of 101.3%. The data was based on sales of 25 major companies in the
sector. Excavator sales are seen as an important indicator of economic growth
because they reflect the demand of infrastructure projects and property
developers. (Wind Information)