Building equipment sector shifts overseas to get in gear
By Deng Zhangyu | China Daily | Updated: 2013-06-27 05:49
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The revenue of the Chinese construction machinery industry was 562.6 billion yuan ($91.81 billion) last year, a rise of 2.98 percent from 2011, according to data compiled by the China Construction Machinery magazine. Provided to China Daily |
China's construction machinery industry is bracing for sluggish growth, with more domestic companies being forced to build plants overseas to grab market share there, industry insiders said.
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