China’s Jan-Nov yellow good sales grow faster by 15% YoY
Dec 11, 2019 12:30
China’s domestic and export sales of excavators and other heavy machinery over January-November increased by 15% on year to reach 215,538 units, according to the latest data released by the China Construction Machinery Association (CCMA) on December 10. The increase over the eleven months was also larger than the 14.5% on-year rise for January-October.
CCMA regularly canvasses 25 major excavator producers nationwide, Mysteel Global notes, and in November alone, sales among the sampled makers surged by 21.7% on year to reach 19,316 units.
“China’s machinery owners were still in the period of upgrading, given the facilities depreciation and the stricter environmental protection requirements the central