Research Report On Construction Machinery Industry In China, 2011-2020
It becomes an important market and the manufacturing center of construction machinery as the global production and demand transfer. Most of the global manufacturers of construction machinery entered China. And seized most of the market.
In 2015, China's GDP increased by 6.9% YOY. According to IMF, the growth rate of global economy was less than 3.5%. China's GDP per capita was approximately USD 8,000 in 2015, far behind that of developed countries. Therefore, Chinese economy still has great potential for growth.
The downstream of China construction machinery industry includes fixed asset investment, mining, export, etc.
In 2015, China's fixed asset investment reached CNY 55,159 billion, up by 10% YOY, which is one of the main drivers of China's GDP.