SHANGHAI— China’s construction equipment industry is bracing for a decline in sales in 2019 after two years of rapid growth, as work slows on new projects and firms replace fewer old diggers and cranes, executives at an industry event in Shanghai said this week.
China is likely to see sales of excavators, loaders and dump trucks—proxies for the country’s infrastructure and building sectors—fall 7-8 percent next year, down from 30 percent growth in 2018, data from consultancy Off-Highway Research show.
