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Liugong boss declares the equipment recession is over

By Chen Jialu | 皇冠体育app Daily | Updated: 2009-11-03 08:24

Liugong boss declares the equipment recession is over

Liugong's products displayed at Russia's international construction technology trade fair.

When Wang Xiaohua, chairman of Guangxi Liugong Machinery Co, visited the Bauma Machinery 皇冠体育app Show in Shanghai last November, he detected a palpable nervousness among the exhibitors. Having seen the Chinese construction equipment market post consistent year-on-year growth of over 20 percent or more for most of the previous decade, many of the country's leading players were contemplating the unthinkable - a downturn. Wang, however, did not share their concerns.

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