Positive growth in China’s infrastructure boosts equipment demand & construction activity

Since early 2024, China’s infrastructure construction has shown positive trends.

The “Excavator Index” reported a 48.97% operating rate for construction machinery in the first half of the year. Key regions like Anhui, Henan, Hubei, and Jiangxi saw high activity levels.

The surge in infrastructure projects boosted equipment rentals, with a notable increase in new energy heavy trucks and aerial work platforms. Equipment utilization rates reached up to 90%. Significant projects in the western regions, such as Ningxia’s photovoltaic base and Sichuan’s Yinjiang Hydropower Station, are progressing well.

1 Aug 2024 reported by Machinery News