China construction machinery has experienced a golden decades, and it increased 10 times after 10 years of rapid development.
However, time of challenge is coming. Since 2011, the domestic market has been very sluggish, but overseas market becomes stronger. We have seen the acquisitions of the global giants by the China manufacturers. And foreign brands in China are no long taking the lead. When the domestic demand recovers, we see lots of potential.
We may predict a new pattern of the construction machinery industry in the next 5 years, maybe.
There is no doubt that China equipments have been branded enough of low quality, and in fact they need to be further improved. China is still lagging behind in R&D ability, but we see hope in the future.