With the continuous introduction of the country's steady growth policy, China's demand for construction machinery has improved. On September 6, 2022, the Ministry of Industry and Information Technology held a press conference on "Vigorously Develop High-end Equipment Manufacturing Industry". At the press conference, the relevant person in charge of the Ministry of Industry and Information Technology stated that China will promote the high-quality development of the construction machinery industry through measures such as improving the construction of the construction machinery industry innovation system.

At present, China has formed 22 categories of construction machinery products, becoming one of the countries with the most complete product categories and varieties. The domestic market satisfaction rate of construction machinery has increased from less than 90% in 2012 to more than 96% currently, and the output of major products such as excavators, cranes, and loaders ranks first in the world.

10 companies have entered the top 50 global construction machinery manufacturers, and a number of construction machinery industry clusters with obvious scale effects and strong industrial chain driving force have been formed in Jiangsu, Hunan, Shandong, Guangxi and other places. At the same time, Chinese construction machinery products are exported to more than 210 countries and regions around the world, and export and overseas operating income account for more than 30%.

Wang Zhen, Deputy Director of the First Division of Equipment Industry of the Ministry of Industry and Information Technology: Construction machinery is a highly market-oriented industry, and it is also suitable for development in a market-oriented way. In the next step, we will adhere to the principle of "better combination of effective market and promising government", focus on improving the industrial innovation system, make up for shortcomings, forge long plates, and promote the high-quality development of the construction machinery industry. Editor / Xu Shengpeng