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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
Add BT as a preferred sourcePublished Tue, May 2, 2017 · 09:50 PM
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 Caterpillar Inc, Japan's Komatsu Ltd and Sany Heavy Industry, posted strong profits this week for the first quarter of the year, citing growing strength in the Chinese market after years of decline.
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