Industry News
Development of Construction Machinery Industry in 2011 Exceeded Expectations

Recently, total industrial output value of China's construction machinery industry maintained in steady growth. It is a rapid rotation of construction machinery in 2006, with the annual industry sales growth of 34%, while the GDP growth rate reached 38% level. Overall, due to extensive infrastructure, investment in fixed assets in 2007 and 2008 grew rapidly, coupled with strong exports boost for the industry, industrial output growth excess of 40% in 2007 and 2008. However, the industry started a sharp decline in the second half year of 2008, and dropped to the bottom at the beginning of 2011. So, the introduction of national policies stimulated the domestic demand, which made the construction machinery industry rebound from the bottom.

Overall, the year 2011 is still maintained a rapid growth rate, achieving industrial output value of 258.649 billion yuan, growth of 22.60% from January to November, through dropped 18.21 percent compared with the same period in 2008. The overall development of construction machinery industry in 2011 exceeded expectation in the beginning of the year.