Infrastructure Investments Are Good News for Construction

posted in: Advice, News | 0

The Heavy Machinery industry rebounded in China in January, 2017 due to a 54% increase in sales of excavators due to the growth from a year ago in infrastructure investment,  due to a rebound in the heavy machinery sector, according to the China Construction Machinery Association.

The sales of over 4,500 excavators in January, coincided with a 17.4% rise in infrastructure investment totaling 11.9 trillion yuan (US $1.7 trillion) in 2016, the association said recently.

The Shenzhen-listed XCMG Construction Machinery Co, share price rose by the daily limit of 10% to 3.80 yuan, and Shanghai-listed Sany Heavy Industry Co. gained 1.66% to 7.36 yuan.

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