Construction machinery sales rise in China in January-July

Wednesday, 01 September 2010 17:21:59 (GMT+2)

As announced by the China Machinery Industry Federation (CMIF) on August 31, in the first seven months of 2010 China's sales volume of the main construction machinery items increased by 67 percent, while the resulting sales revenues rose by 63 percent, both compared to the same period last year. According to the CMIF, it is expected that China's construction machinery sector may achieve growth of 30 percent in 2010 and that exports for the year may reach a value of $8.5-9.0 billion.

Meanwhile, real estate investments in China have maintained a strong upward trend. In the January-July period, real estate investment in China amounted to RMB 2,386.5 billion ($350.4 billion), up by 37.2 percent year on year.

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