Confidence in construction machinery market builds

Industry expected to hit bottom in 2013, then trend upwards

China's construction machinery market is expected to bottom out in 2013 as major market players specialize their business operations amid weak demand and fierce competition.

"We believe the market will hit the bottom in 2013, and we will come out of the recession in the construction equipment market," said Ahn Hee-eun, CEO of Doosan Infracore (China) Investment Co Ltd.