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Agricultural Development Bank of China
Industry

China's excavator sales expected to surge over 40 pct in July

August 04, 2020


Abstract : China's excavator sector will have sustained a rapid expansion in July, the Xinhua-run Shanghai Securities News reported on Monday.

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BEIJING, Aug.3 (Xinhua) -- China's excavator sector will have sustained a rapid expansion in July, the Xinhua-run Shanghai Securities News reported on Monday.

China's excavator producers were expected to sell a total of 17,500 excavators last month, up 42 percent year on year, data from 21cme.cn showed.

In breakdown, China's excavator makers were expected to sell 15,200 excavators in the domestic market, up 49 percent year on year, while exports of the equipment might increase 7 percent to about 2,300 in July.

It is forecast that digging machine might maintain robust sales in the future, according to Sinolink Securities.

Sinolink Securities forecasts that the country is expected to sell a total 300,000 excavators in 2020 with the growth rate of over 25 percent. 

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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Keyword: excavator sales

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