In 2017 the Chinese construction equipment market increased by an astonishing 82%, according to data supplied by Off-Highway Research. While this figure followed several years of decline, it is still a remarkably high figure and took unit sales back above 200,000 units for the first time since 2014. The year 2017 also marked the first time that crawler excavators outsold wheeled loaders and saw demand for mini-excavators rise 88%. Sales of construction equipment are expected to exceed 325,000 units in 2018 and, while this may be the high point for units sold, the market is expected to stabilise in the future, rather than crash. With such strong equipment sales, it is no surprise to report that the Chinese economy is in good health. The economy grew 6.9% in 2017 and, although the economy has slowed down recently it has been a small slowdown - with growth of 6.5% expected for 2018 and an average of 6.3% for 2019 and 2020, according to figures from the World Bank.
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