In the past ten years, the sustained high growth of fixed assets investment in China has made the construction machinery industry a success, and the four trillion yuan stimulus has brought the industry to its climax. Market participants generally doubt that without strong stimulus, construction machinery might not be prosperous any more. This is indeed worth worrying about, but during a downturn in the entire market, pessimistic sentiment can be infinitely amplified.

However, global machinery giant Caterpillar is very optimistic about China and actively builds factories in China. The company believes that China's urbanization determines that more infrastructure such as roads and airports will still need to be built by 2025. Although the company is currently facing significant inventory pressure, it has identified "Winning in China" as one of its eight strategic plans from 2011 to 2015.

By the end of the 12th Five Year Plan period, the sales scale of China's construction machinery industry will reach 900 billion yuan, with an average annual growth rate of about 17%. Compared with the average growth rate of 27.5% in the past 5 years and 23.8% in the past 10 years, in the future, as the overall scale of the industry continues to grow, the growth rate will gradually decline, and the industry will enter stable growth in the medium and long term.