BUSINESS China's excavator sales boom in April

BUSINESS

China's excavator sales boom in April

Xinhua

08:25, May 17, 2020

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Sany Heavy Industry employees assemble trucks at a production facility in Changsha, capital of Hunan province. (File photo: Xinhua)

BEIJING, May 17 (Xinhua) -- China's excavator producers reported robust domestic sales in April, reflecting a quick demand recovery in the world's second-largest economy, according to the China Construction Machinery Association.

China's 25 leading excavator makers sold a total of 45,426 excavators last month, up 59.9 percent year on year, data showed.

In breakdown, 43,371 excavators were sold in the domestic market, surging 64.5 percent year on year, while exports of the equipment rose 0.88 percent to 2,055.

During the first four months of the year, domestic excavator sales of the 25 producers jumped 9.35 percent from a year earlier to 104,648, while their overseas sales soared 25.7 percent year on year to 9,408.

The surging excavator sales, backed by strong demand, foreshadow a construction boom in the country. In a bid to revive the economy, the government has been speeding up the construction of planned key infrastructure projects as well as to launch some new projects for public health, emergency materials supply, 5G networks and data centers.

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