Industrial cycle recovery gateway, construction machinery continues to grow momentum

China Construction Machinery Industry Association released annual statistical information: in 2019, the business revenue growth of major enterprises in China Construction machinery industry reached a record high, and the sales volume of 9 major categories of products included in the statistical scope of China Construction Machinery Industry Association increased by 5.66% year on year. Among them, the sales volume of excavators reached more than 230000, with a year-on-year growth of 15.9%, a record high, and the steady growth momentum of the industry continued.

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In 2019, China's fixed asset investment (excluding farmers) reached 55147.8 billion yuan, an increase of 5.4% over the previous year, and infrastructure investment increased by 3.8%. Under the influence of multiple factors such as capital construction investment and environmental protection policy promotion, the prosperity of construction machinery has maintained a high level. With the rapid expansion of the head construction machinery manufacturers, the differentiation trend of the strong is more obvious.