Freedonia In The News
Article Title: Chinese construction equipment market continues to grow
By: Richard High
Publication: International Construction, 5/9/2008
Freedonia Study: Construction Machinery in China (2333)
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Demand for construction machinery in China is projected to increase +12.7% per annum through 2011 to CNY 181 billion (US$ 25.9 billion), outpacing gains in most other regions of the world, according to Construction Machinery in China, a new study by the US-based Freedonia Group.
Growth, said the report, will be driven primarily by strong gains in Chinese construction activity as industrialisation continues and income levels rise.
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