BEIJING: Finally signs of life are emerging in the Chinese heavy industry sector suffering sales collapse after 2011.
After five years of falling revenue, forecourts overcrowded with unsold machinery and idle factories, China's push to build a modern-day Silk Road is fueling a recovery for the country's heavy equipment industry, according to executives from many companies gathered in Shanghai in late November.
Construction equipment makers - a proxy for China's infrastructure, resources and construction sectors - suffered a plunge in sales after 2011, as commodity prices collapsed, reports China daily.