Machinery- a Perspective Market in China

The construction equipment industry has a major bearing on China’s manufacturing industry.China’s machinery industry accounted for 17.0% and 10.6% respectively of national sales and exports. Rapid economic development in China has led to a corresponding increase in industrial machinery. Almost all leading international players have formed joint ventures in China including John-Deere, Daewoo, Hitachi, Parker, Sanyo, ABB, Emerson, Siemens and Volvo. Chinese machine builders are also enhancing their international participation through larger... [Read more of this review]