A new report shows China's investment in the general equipment industry increased by 49.4% in 2007.
The Research and Markets' 'China General Equipment Industry Report, 2008' says China's total investment in this industry reached CNY23.41 billion (USD3.4 billion). This growth is 14.6% higher than the growth rate of investment in China's manufacturing industry in the same period.
The output of forklifts in China during 2007 grew by 41.14%.
The report found the production scale of the general equipment industry has not declined despite international anti-dumping cases and the domestic export rebate policy.
Research and Markets' report states investment enthusiasm, production and sales ratios have decreased, and stock has gone up. Production scale of the whole industry will maintain a momentum of stable growth and the price index will continue to rise.
The report can be purchased in full from
http://www.researchandmarkets.com.