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China’s Jan-Oct excavator sales hit historical high

China’s sales of excavators and other heavy machinery over January-October increased by 14.4% on year to 196,222 units, a historical high, according to the latest data released by the China Construction Machinery Association (CCMA) on November 9. 
For October alone, the sales jumped by 11.5% on year to 17,027 units. CCMA’s survey canvasses 25 major excavator producers nationwide, Mysteel Global notes. CAAM attributed the strong results in the yellow goods market to the stable and healthy growth in the country’s infrastructure sector, as well as machinery owners upgrading


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