China Machinery Industry Federation statistics show that from January to August, the output value of new products in the construction machinery industry increased by 80.63% year-on-year, an increase of 69.82 percentage points over the same period of last year, and the growth rate ranked first in the machinery industry.

The production and sales of construction machinery in the first 8 months is the best in history. From January to August, excavation and shovel transportation machinery products increased by more than 64.14% year-on-year; compaction machinery increased by 76.78% year-on-year, and concrete machinery grew slightly lower, a year-on-year increase of 13.44%.

However, the state of production and sales of construction machinery showed a clear trend of high and low. An industry source said: "In the first half of the year, engineering machinery showed an explosive growth. After entering the month of June, the growth rate has slowed down significantly."

Sun Jianzhong believes that crane sales have slowed down significantly since July due to over-exploitation of the market in the first half of the year and pre-payment of late-stage sales. In addition, the tightening of monetary policy has prompted some projects to slow down.

However, the data shows that after the crane sales fell 21.48% in July, the decline rate slowed down significantly.

In addition, the loader sold 15,461 units in August, an increase of 40.39% year-on-year, a decrease of 2.29% from the previous quarter. Bulldozers sold 767 units, an increase of 30.89% year-on-year, and a decrease of 1.03% from the previous quarter. Road rollers sold 1,839 units, an increase of 15.81% year-on-year, a decrease of 2.85% from the previous quarter.