Caixin
Dec 09, 2022 07:04 PM
BUSINESS

Excavator Sales Rebound Offers Glimmer of Hope for China Recovery

What’s new: China’s 26 major manufacturers of excavating equipment reported that their total domestic sales rose 2.7% year-on-year in November, breaking a 10-month streak of declines in the closely watched figure, an industry group said.

The return to growth was in part due to more construction projects getting underway last month, said Lü Ying, an official at the China Construction Machinery Association (CCMA). The number also benefited from a low baseline figure from the previous year.

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