Finance Risks Weigh on Heavy Equipment Makers
Demand for heavy equipments has declined since last year due to fewer new projects
(Beijing) – Cash is tight, competition fierce and a business slump is biting construction companies that buy their powerful excavators, bulldozers and cranes.
Nevertheless, China's heavy equipment manufacturers are plowing forward with plans for major fund-raisers, including stock listings, and offering customers low-cost leasing plans that some call dangerous.
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