China to move to 2nd in global construction machinery

摘要

A new report says that China's construction machinery sector is set to move to number two in the $148bn global market, after the US and ahead of Japan and Germany. Heavy machinery firms in China have risen from fourth largest exporter in the world to second highest, as its manufacturers move up the value chain and as Chinese brands forge further into global markets, a new report from the Economist Intelligence Unit (EIU) has found. China's share of the global $148 billion construction equipment export market was 10.2 per cent in 2010 - the fourth highest in the world.