Influenced by policy and external demands, the development of the construction machinery industry appears to be distinctly cyclic. The fixed assets investment scale and growth is closely related to the construction machinery industry.

Since China carried on macro-control in March 2004, the Chinese construction machinery industry quickly began to decline. After more than two years of regulation, the Chinese construction machinery industry entered its recovery period.

In the first quarter of 2006, the three major products shoveling and transporting machinery, compact machinery and concrete machinery achieved a growth rate of above 20%, indicating its recovery status.

According to statistics, the market for Chinese construction machinery reached USD 15.5 billion in 2005, in which the import & export total amount was USD 6.018 billion, with imports being worth USD 3.064 billion and exports reaching USD 2.94 billion.

During the "Eleventh Five-Year Plan (2005-2010)", China launches a series of major projects on railway, highway, water conservancy, water source, the issue of agriculture, countryside and farmers, energy and mine construction, as well as environment control and construction etc. All these projects bring new development and business opportunities for not only the Chinese construction machinery sector, but also construction machinery suppliers and project contractors worldwide.

Compared with the same products of foreign construction machinery enterprises, those of China are 10%-40% lower in price. However, the quality of these products meets international standards, with obvious advantages when at an equal price level. Many engineering crane products made in China have a broad overseas market; with the worlds top manufacturing techniques. However, certain margins still exist when comparing with developed European countries, America or Japan.

Source:佚名