Positive data in 3 sectors highlights Chinese economic resilience and vitality

During the critical Q3 period for stabilizing economic growth, positive data in the sectors of excavators, logistics, and small and medium-sized enterprises (SMEs) have underscored the economy’s resilience.

1. Investment Sector
In August, the average operating rate of construction machinery nationwide reached 43.42%, with 17 provinces exceeding 50%. From January to August, major excavator manufacturers sold a total of 154,000 units, up 17.2% year-on-year. Large-scale infrastructure projects are expected to drive further demand in this sector.

2. Logistics Sector
From January to August, the national total social logistics volume hit 229.4 trillion yuan, growing 5.2% year-on-year. Logistics demand for equipment manufacturing and consumer goods both rebounded. Meanwhile, national railway freight volume increased by 3.5% year-on-year during the same period.

3. SME Sector
In August, China’s SME Development Index (SME-DI) stood at 89.1, up 0.1 points month-on-month. In September, the Purchasing Managers’ Index (PMI) for small enterprises rose to 48.2%, an increase of 1.6 percentage points from the previous month, indicating improved business confidence among SMEs.

15 October 2025 reported by Machinery News