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China's excavator sales double for the fifth straight month in August: industry website

Reuters  |  BEIJING 

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 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 ...

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First Published: Mon, September 11 2017. 17:06 IST