Su ZiMeng, Secretary General of the China Construction Machinery Association, represents member companies that form a large part of China’s estimated $1 trillion manufacturing industry, arguably account for half of the world’s heavy-equipment production and include 11 of the world’s top 50 equipment makers. The bulk of business comes from government-financed projects, though export revenue is growing. ENR sat down with Su at the Bauma China exhibition last month in Shanghai to discuss the state of the Chinese equipment manufacturing business and his forecast for 2015.
ENR: How do you view the current situation in the construction equipment industry?