Excavator sales surge nearly 100%

Source: Xinhua | 2018-01-09

SALES of excavators in China jumped 99.5 percent last year from a year ago as producers tapped the rise in construction activity and also on a rally in the mining industry, official data showed.

Domestic producers sold 140,303 excavators in 2017, the best year since 2011. A total of 130,559 were sold domestically, up 107.5 percent from a year prior, and 9,672 were exported, up 32 percent annually, said the China Construction Machinery Association.

Increased sales were helped by a rebound in the mining sector along with expanding construction, said China Securities Journal which cited an unnamed analyst from Essence Securities.

China produced 3.14 billion tons of coal over the first 11 months last year, up 3.7 percent from a year ago, said the National Bureau of Statistics.