Chinese infrastructure spending to increase, boosting construction sector

In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The Chinese Government said it will invest heavily in infrastructure spending, particularly in extending the country’s high speed rail network. The news brought a flurry of trading on the Chinese stock market, seeing share price gains for various major Chinese construction equipment manufacturers including LiuGong, Sany and Shantui.
September 10, 2012 Read time: 1 min
In China, the news that the construction industry has been waiting for came with an announcement over infrastructure spending. The 2719 Chinese Government said it will invest heavily in infrastructure spending, particularly in extending the country’s high speed rail network. The news brought a flurry of trading on the Chinese stock market, seeing share price gains for various major Chinese construction equipment manufacturers including 269 LiuGong, 1170 Sany and 1171 Shantui.

New machine sales have been hit hard since the beginning of 2012. But this development looks likely to give the country’s construction sector the boost it requires, allowing contractors to order new equipment and also helping manufacturers to sell off unsold stock.

For more information on companies in this article

Related Content

  • The doors open on a record-breaking bauma China 2018
    November 22, 2018
    You can tell a lot from numbers – and this year’s bauma China exhibition is set to be a record-breaker! The exhibitor numbers represent an impressive 11% increase on the 2,958 exhibitors from 41 countries that presented their products and innovations to around 170,000 visitors at the 2016 event.
    Read More
  • Key advances in asphalt compaction technology
    February 18, 2013
    A wide range of new models is being introduced for the asphalt equipment compaction market – Mike Woof reports. The asphalt compaction equipment market is seeing the introduction of new machines from an array of major manufacturers. Manufacturers have introduced both steel drum and rubber tyred rollers to meet customer demands in specific markets as well as globally, and have also developed innovative new compaction practices. Competition in the asphalt compaction market is increasingly tough, with many of
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Beijing's record-breaking BICES 2011
    April 4, 2012
    BICES 2011 equipment exhibition attracted unprecedented levels of visitors, according to the organisers. With China's construction market booming and the world's largest infrastructure investment programme in full swing, the country is seeing a huge growth in demand for new machines. Manufacturers from inside the country as well as international firms are keen to boost sales in the country and develop market shares. As a result, promotion is a key issue and all manufacturers, Chinese and international, are
    Read More

Highlighted Content