A Bundle is already in your cart
You can only have one active bundle against your account at one time.
If you wish to purchase a different bundle please remove the current bundle from your cart.
You have unused credits
You still have credits against a bundle for a different licence. Once all of your credits have been used you can purchase a newly licenced bundle.
If you wish to purchase a different bundle please use your existing credits or contact our support team.
01:45
China: Chinese construction machinery makers excavate massive demand at home, abroad
Storyline: Chinese construction machinery makers excavate massive demand at home, abroad [Voice_over] Chinese construction machinery manufacturers are raking in profits from booming demand at home and abroad, powered in part by an accelerating shift toward electrification. Data from the China Construction Machinery Association shows that in the first half the year, domestic sales of both excavators and loaders surged 23 percent from a year ago, with exports up around 10 and four percent, respectively. Those in the industry say infrastructure development in regions like Africa, Latin America and Southeast Asia is fueling export growth. And domestically, growth is largely driven by demand for electric and intelligent construction machinery, from industries including shipping ports that are adopting eco-friendly technology, as well as from steelmakers that are investing in digital upgrades. [Sound_bite] Wang Yican, construction machinery distributor: "Bulk purchases are mainly concentrated in ports. The steel and metallurgy industries are also showing a keen interest in electrification." [Voice_over] To keep up with the increasing demand, manufacturers like Guangxi LiuGong Machinery have been operating at maximum capacity. [Sound_bite] Yao Dongxu, director, loader manufacturing, Guangxi LiuGong Machinery Co., Ltd.: "In the first half of this year, our electric loader exports saw a 120 percent year-on-year increase. Demand for them now makes up more than half of our total production schedule, and our monthly production volume has surpassed 1,000 units." [Voice_over] According to forecasts by German data provider Statista, China’s construction equipment market will grow at an annual rate of about 6 percent over the next two years and is expected to be valued at about 62 billion U.S. dollars. [Restrictions : No access Chinese mainland]
Categories
From the blog
Stories not Stock: 3 Reasons Why You Should Use UGC Instead of Stock Video
Video content is an essential part of a brand’s marketing strategy, and while stock footage has been a reliable go-to in the past, forward-thinking companies are looking to user-generated content for their video needs.
View post