Sales of Chinese Engineering Machines are Turning Good
In the first half of 2014, the sales areas of commercial residential buildings had decreased by 6% while the construction areas dropped by 16.5% on year-on-year basis. In the latter half of 2013, sales areas of commercial residential buildings reached 0.79 billion square meters, which led to relatively high absolute level. Therefore, the range of declining might be expanded in the second half of 2014 to limit the construction projects. Real estate is one of the most important downstream...