In the January-February period this year, China’s excavator output totaled 63,566 units, up 22.5 percent year on year, according to China’s National Bureau of Statistics (NBS).
According to the 2026 Government Work Report, China will provide ultra-long-term special-purpose government bonds worth RMB 200 billion ($29 billion) to fund large-scale equipment renewal initiatives, which is anticipated to stimulate a recovery in domestic demand for excavators in the given year.
