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China spending boosts machinery demand

Analysts caution that the upturn would likely lose pace in the second half as measures to rein in a hot property market take greater effect

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Sales of construction equipment, including dump trucks and excavators, are set to shoot ahead by 21 per cent this year after a slight one per cent increase last year and 42 per cent slump in 2015.

Shanghai

CHINESE demand for trucks, cranes and diggers is gaining momentum after bottoming out last year, driven by a Beijing-backed infrastructure push, a housing boom and increased investment linked to China's modern-day "Silk Road".

Chinese and global machinery makers, including

sentifi.com

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