China’s key construction machinery sales jumped in the first half, indicating improving demand across the economically crucial sector.
Domestic excavator sales, which usually ramp up as builders prepare for projects, climbed almost 23 per cent from a year earlier during the January-June period, data compiled by the China Construction Machinery Association showed. The equipment is a key barometer of activity in the construction industry and can serve as a proxy for steel demand.
The latest…
Source : South China Morning Post
Read more…China’s construction equipment sales surge, signalling recovery















