Construction Machinery Facing Opportunities for Railway Construction

Recently, the State Council convened a standing meeting on the railway reform of railway investment and financing system and further speeding up the construction of railways in the central and western regions.

For the construction machinery industry, after the turbulence in the first half of the year, the construction of railways gave a glimmer of hope to construction machinery. Under the condition of low industry prosperity, the construction of railways will inevitably infuse dynamism into the sluggish industry. Railway construction is bound to have a demand for construction machinery. At the same time, it has also further stimulated the development of construction machinery in China. It is believed that the growth of construction machinery industry in the second half of the year is expected to be driven by the construction of railways.