According to the China Construction Machinery Business survey, 26 of the main manufacturers of excavators in China sold 8868 units in September, 23.86% down. Excavator cumulative increase since February of this year climbed to the highest point, it has been declining for several months. China Construction Machinery Industry Association has predicted the next five years, the construction machinery industry is expected to be 17% annual growth. But now the growth target is being challenged. Growth in the second quarter of this year began the rapid decline in construction machinery industry had still not out of the signs down, the industry growth is still in the 'bottom.' Affected after construction machinery enterprises are expanding production capacity is becoming excess capacity.
Excavator sales decline in a row is typical of China's construction machinery industry reflected. According to industry experts say, since the second quarter this year, sales of construction machinery industry continued to decline, this phenomenon has not been checked in the third quarter. Zoomlion Chairman Zhan Chun new that the growth rate of decline in construction machinery industry, there have been signs of late last year, the first quarter of this year, industry unexpectedly explosive growth has actually overdrawn market demand, sales of construction machinery starting from the second quarter, a marked decline in . Railway construction slowdown, real estate is the construction machinery industry sales for the decline. Data show that the Ministry of Railways to complete the first nine months of capital construction investment 346.879 billion yuan, down 19.3%. National Railway in the third quarter ended investment for years the Great Leap Forward.
Data also shows that the first three quarters this year, China's fixed asset investment up 24.9% nominal growth (after deducting price factors, the actual increase of 16.9%), down 0.7 percentage points over the first half, shrinking...
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