Li’s Urban Planning Drives Sends Invesco Into Machinery Stocks

Li’s Urban Planning Drives Sends Invesco Into Machinery Stocks

Nelson Ching/Bloomberg

An employee performs welds in Sany Heavy Industry Co.'s assembly shop in Changsha, Hunan Province, China. Sany Heavy Industry Co., China’s biggest machinery maker, has rallied 36 percent since Dec. 3, when valuations hit a record low of 8.5 times profit.