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CHINA TO BE THE LARGEST DIGGERS MARKET

Published in: AsiaInfo Services
Date: 11/1/2001

CHINA, Nov 01, 2001 (AsiaPort via COMTEX) -- According to statistics, the production and sales volumes of the hydraulic pressure diggers in China reached around 9 thousand during the first 9 months of this year and expected to hit over 11 thousand in 2001.

At present, the competition in the diggers market in China is very fierce. However, experts warned that "price war" should be avoided, in that "price reduction" isn't the only means for competition, nor is it the means to gain market shares.

According to experts, the services strategy should be seriously taken into account by relevant enterprises.

China's entry into the World Trade Organization (WTO) will bring both opportunities and challenges to China's diggers industry. It is expected that in several years, China's diggers market will become the largest one in the world.

What's more, in recent years, many world-renowned diggers enterprises have been attracted to China to start their long-term investments.

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