Chinese construction machinery is popular in China's alliance markets such as India |
India relaxed import restrictions on Chinese toys on March 2nd, allowing the import of goods certified by global safety agencies. Just a few weeks ago, the Indian government issued a six-month ban on the import of Chinese toys on the grounds of "public safety". Faced with the awkward situation of Chinese toys, Chinese companies are very helpless. However, in the face of the huge Indian and other alliance markets, especially the impact of the Indian tsunami, earthquakes in Malaysia and Vietnam, the Indian and other alliance markets have always had a "yes" attitude towards construction machinery because they are in great need of cost-effective Chinese construction machinery products. In order to further accelerate economic development, governments of ASEAN countries have accelerated the upgrading and investment in infrastructure construction. With regional economic integration, land transportation between countries will gradually become interconnected. The Pan Asian Railway, which connects countries such as Malaysia and Vietnam, has begun to raise funds. In addition, due to the Indian Ocean tsunami disaster, there are also significant business opportunities for reconstruction in Southeast Asia. Economists predict that in the coming years, Southeast Asia will achieve a rare scale in infrastructure recovery, hotel industry construction, and civilian housing reconstruction. The demand for construction machinery will become even stronger. Construction machinery belongs to the expensive durable goods of value-added production. Compared with similar products in Europe, America, and Japan, Chinese construction machinery products have great advantages in terms of cost-effectiveness. The price of purchasing a mechanical equipment produced in Europe, America, and Japan is usually close to the price of a whole production line of similar equipment in China. The brand "China Machinery" has been widely accepted in the construction machinery market in Vietnam and enjoys a high level of recognition in the local industry. |