According to China's National Bureau of Statistics (NBS), China's excavator output was 63,566 units between January and February this year, up 22.5 percent year-on-year.
According to the 2026 Government Work Report, China will provide 200 billion yuan ($29 billion) of ultra-long-term government special-purpose bonds to finance large-scale development initiatives. equipment upgrades, which are expected to drive a recovery in domestic demand for excavators this year.
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