Construction Machinery Industry Continues a Strong Recovery in China
Construction Machinery Industry in December 2009 continued the strong recovery in December 2009. The strong industry recovery is mainly from the high growth of the investment in infrastructure and the gradual increase of the real estate investment. At the same time, exports also show signs of recovery. In December, excavators and truck crane sales grew 136.7%, respectively, and 125.3%, the cumulative growth is 23.1%, respectively, and 27.2% from January to December in 2009. Wheel Loaders and bulldozers, respectively, year on year sales growth of 81.5% and 45.9%, annual cumulative decreased by 13.2% and 0.7%, year on year decline narrowed by 5.1 and 3.0 percentage points. Export data from December of view has been signs of recovery, each sub-product exports were hit in December of 2009 in a single month high.
