Reporting Q3 profit off 85% from a year ago, Liugong Machinery President Zeng Guang'an warns of...

|By:, SA News Editor

Reporting Q3 profit off 85% from a year ago, Liugong Machinery President Zeng Guang'an warns of continued overcapacity in the Chinese construction-equipment sector, saying the country only needs about 10% of the current 200 firms in the business. "We have too much investment. We need more consumption."