In November this year, excavator output in China increased to 26,180 units, increasing by 1,291 units or 5.2 percent month on month, while rising by 17.0 percent year on year, 6.1 percentage points slower than the year-on-year increase rate in October, as announced by China’s National Bureau of Statistics (NBS).
The Chinese government’s Central Economic Work Conference held recently in Beijing has sent a positive signal to the real estate market, which will exert a positive impact on construction activities in the coming year. Accordingly, market analysts have said they expect the excavator industry to make a good start to 2020.