Export Growth Props Up Chinese Excavator Sales Amid Weak Domestic Demand

What’s new: Domestic sales of Chinese excavators dropped 24.5% year-on-year in September — the smallest decline of any month this year — as a sluggish property market and sporadic Covid lockdowns continued to weigh on the sector, a state-backed industry group said.

But overseas demand more than made up for the shortfall, driving an overall sales increase of 5.5% year-on-year to 21,200 units, the largest monthly increase this year, according to the data, which was released by the China Construction Machinery Association (CCMA) on Tuesday.