Caterpillar predicts recovery of China's construct

2022-06-22
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Caterpillar predicts the recovery of China's construction machinery market at the beginning of next year Green manufacturing + connectivity and international cooperation in green manufacturing began to recover at the beginning of the year. The forecast is based on the fact that the Chinese government recently approved public investment projects such as railways, ports and expressways with a total amount of up to 1trillion yuan, and believes that the demand for construction machinery will rebound

caterpillar, an American construction machinery giant, predicts that China's construction machinery market, which is currently in a downward trend, will recover from the beginning of 2013. The forecast is based on the fact that the Chinese government recently approved public investment projects such as railways, ports and expressways with a total amount of up to 1trillion yuan, and believes that the demand for construction machinery will rebound

Richard Lavin, head of Caterpillar's Construction Machinery Department, said in an interview with Dow Jones: "we can predict that the construction machinery market will recover from January to March 2013 as soon as possible (according to China's supply and demand relationship: due to the release of the government with strong demand for downstream end products)", He also said that "(public investment) will have a direct and positive impact on caterpillar's business in China, with different compressive strength of materials in different industries"

in addition to the demand for construction machinery, raven also speculates that the demand for mining excavators and other machinery will also increase. It is pointed out that China will reduce its dependence on imported resources and strengthen domestic exploitation in the future. Raven also predicted optimistically that the road construction in the United States will also drive the growth of demand

however, raven is still cautious about the European market. While commenting that the plan of the European Central Bank (ECB) to purchase unlimited national debts of Member States is "an important step to solve the European debt crisis", it also pointed out that "it will take a long time to solve the problem"

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