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Former America CEO Mike Rhoda may have said it best when he talked to Construction Equipment about the inevitability of Chinese construction equipment manufacturers coming to the U.S. "I think anyone who's been in this industry for a few decades has seen this pioneering of the North American market, first by the Japanese, then by the Koreans, and now clearly by the Chinese," Rhoda
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The steel industry in China has been driven by rapid modernisation of its economy, Profits are low despite continued high demand due to high debt and overproduction of high end products produced with the equipment financed by the high debt. The central government is aware of this problem but there is no easy way to resolve it as local governments strongly support local steel production Construction equipment manufacturers: world was the world's largest construction machinery manufacturers in 2018, based on construction equipment sales: sold equipment to the value of around 23 billion U.S.Mining Equipment Market Share & Growth The global mining equipment market size was valued at USD 144.37 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 12.7% from 2020 to 2027. Ongoing digital mine innovation is expected to transform the key aspects of mining over the next few years - Wikipedia, officially Guangxi Machinery Co., Ltd., is a Chinese multinational construction machinery manufacturing company headquartered in Liuzhou, China.It is the world's 10th-largest construction equipment manufacturer by market share and the world's largest manufacturer of wheel loaders.. was founded in 1958 in Liuzhou. Its products include wheel loaders, bulldozers,