Out of the predicament of a joint venture of China Construction Machinery Industry, the industry is beginning to re-shuffle of the big screen. However, industry consolidation is important, the expansion of the industrial chain and the layout is more critical.
From 2005 to 2007, the short span of three years, China's construction machinery industry on the GDP growth of 80%, from 210 billion yuan to 120 billion yuan. In 2007, the Chinese construction machinery industry sales in the world ranking jumped from behind the second place position.
But now, China's construction machinery industry is not a situation of peace, prosperity, due to the size of enterprise, in particular the impact of key technologies, is still big but not strong. Degree of internationalization is still very low, the domestic construction machinery in 2007 export sales accounted for only 9.1 percent, while Japan and South Korea will reach 66%, 76%.