In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The 2719 Chinese Government said it will invest heavily in infrastructure spending, particularly in extending the country’s high speed rail network. The news brought a flurry of trading on the Chinese stock market, seeing share price gains for various major Chinese construction equipment manufacturers including 269 LiuGong, 1170 Sany and 1171 Shantui.
New machine sales have been hit hard since the beginning of 2012. But this development looks likely to give the country’s construction sector the boost it requires, allowing contractors to order new equipment and also helping manufacturers to sell off unsold stock.
New machine sales have been hit hard since the beginning of 2012. But this development looks likely to give the country’s construction sector the boost it requires, allowing contractors to order new equipment and also helping manufacturers to sell off unsold stock.
