China Excavator Demand to Stay Stagnant This Year, Kobe CEO Says

  • Kobe doesn't expect to see Chinese recovery until 2017
  • Japanese suppliers haven't boosted output for peak season

China’s demand for excavators will remain stagnant this year after sales almost halved in 2015 as its slowing economy cooled construction spending, according to Kobe Steel Ltd., owner of a major Japanese supplier.

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