BEIJING (Reuters) - Sales of excavators by Chinese manufacturers doubled for the fifth straight month in August year-on-year, an industry website said, suggesting real estate demand held up despite various tightening measures imposed on popular housing markets.
Some 24 major Chinese manufacturers, including a subsidiary of industry giant Sany Group, sold 8,700 excavators in August, industry website 21-Sun.com said on Saturday.
Total sales in the first eight months jumped to 91,000, marking a 101 percent increase compared to the same period a year earlier, it said.
The website called the booming industry "unstoppable", as the year-to-date sales figure surpassed that of all of 2014.
The affluent Chinese eastern province of Jiangsu sold the most excavators in the January-to-August period, it added.
China's Statistics Bureau is due to release the official August property investment figure on Thursday.
(Reporting by Yawen Chen and Sue-Lin Wong; Editing by Nick Macfie)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
