With the stability of economic development in China get further solid, the abnormal influence caused by international finance crisis is basically disappeared. And with the push of large scale construction projects, the excavator market begins to develop stably with a fast speed which differs from the period of recovery by the stimulus policy. Though the sales volume is lower than that of last month, it also increases YoY, and the market stability gets improved.
In terms of export, with the gradual recovery of global economy, the excavator export market in China gets increased under the recovery period. Though the export volume slips greatly YoY, it is a great increase MoM. As the recovery of global economy is very complicated and full of uncertainty, and the influence of Trade Protectionism against China’s export, the export of China’s excavators is still under a low level, and there is higher uncertainty.