Since 2004, the export of construction machinery products in China has started to rise sharply. It has reached a high growth rate of 120% and the import and export trade deficit has gradually narrowed. According to statistics, China's import and export trade of construction machinery increased significantly year-on-year in 2006. Zhang Xiaolin, vice president of the China Council for the Promotion of Industry Machinery Industry Branch, predicts that the total volume of imports and exports in 2006 will reach US$8.5 billion, of which US$4.5 billion will be exported. 2.25 billion U.S. dollars), importing 4 billion U.S. dollars.
Zhang Xiaoning, secretary-general of the China Mechanical and Electrical Chamber of Commerce’s Engineering and Agricultural Machinery Sub-Committee, believes that this year's trade surplus in construction machinery imports and exports is mainly due to the increase in exports and the decrease in imports. The increase in China’s construction machinery exports was due to the government’s adoption of relevant supportive policies for the domestic construction machinery industry, and in particular for some domestic companies to go abroad to participate in international-level construction machinery exhibitions, thus allowing the international market to understand Chinese products. The decrease in the proportion of imports of construction machinery is due to the fact that in recent years, the world’s top engineering machinery companies such as Caterpillar and Komatsu Japan have entered the Chinese market to invest and set up factories and produce products, which indirectly reduces the amount of imports.
Zhang Xiaoning, secretary-general of the China Mechanical and Electrical Chamber of Commerce’s Engineering and Agricultural Machinery Sub-Committee, believes that this year's trade surplus in construction machinery imports and exports is mainly due to the increase in exports and the decrease in imports. The increase in China’s construction machinery exports was due to the government’s adoption of relevant supportive policies for the domestic construction machinery industry, and in particular for some domestic companies to go abroad to participate in international-level construction machinery exhibitions, thus allowing the international market to understand Chinese products. The decrease in the proportion of imports of construction machinery is due to the fact that in recent years, the world’s top engineering machinery companies such as Caterpillar and Komatsu Japan have entered the Chinese market to invest and set up factories and produce products, which indirectly reduces the amount of imports.
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