Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Haikou Jiangdong New Area
Industry

China’s machinery & equipment sector soars under B&R

September 13, 2017


Abstract : With a batch of projects under the Belt and Road Initiative under construction, China's construction machinery exports surged in the first half of 2017, the Economic Daily reported on Tuesday.

机械行业

 

BEIJING, Sept. 13 (Xinhua) -- With a batch of projects under the Belt and Road Initiative under construction, China's construction machinery exports surged in the first half of 2017, the Economic Daily reported on Tuesday.

Amid the strong recovery of the global economy in the first half of 2017, growth of the major economies was above their performance in 2016, leading to the booming international machinery market. Particularly, the machinery market in emerging economies grew by 20 percent.

Thanks to the strong market demands, China sold a total of 70,821 excavators in the first half of 2017, up 110.3 percent year on year, exceeding the annual sales in 2016.

The Chinese construction machinery market has soared since the beginning of 2017, with loader, excavator, road roller, grader, bulldozer, crane and forklift sales growing significantly.

According to statistics released by iFinD, 291 of 317 machinery and equipment listed companies posted positive net profits. To be specific, 56 companies each posted a net profit of more than 100 million yuan. CRRC, CNPC Capital, Sany and Zoomlion were the top four profit-making enterprises with a net profit of 3.673 billion yuan, 3.589 billion yuan, 1.160 billion yuan and 1.132 billion yuan, respectively. Of the 317 companies, 231 posted a year-on-year net profit growth. (Edited by Hu Pingchao, hupingchao@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Belt-and-Road China-machinery

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial