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Why China Can’t Pull Up the World
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Why China Can’t Pull Up the World
The country’s growth numbers are improving. Consider what’s happening with the makers of construction machinery, typically a good gauge of infrastructure investment and demand. Sany Heavy Industries Co. and Zoomlion Heavy Industry Science and Technology Co. both posted strong sales volumes in the first quarter, with the country’s domestic excavator sales rising 24 percent during that period. Earlier this month, Sany said it expected core profits to rise more than 130 percent in the first quarter, citing higher volumes and demand from infrastructure projects.
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