China’s Heavy Equipment Rental Market Thrive from Construction Boom

Introduction

Figure 1: China Remains Leader in Infrastructure Spending

Construction machinery leasing companies around the world are enjoying a comeback thanks to a boom in infrastructure projects in China. China’s infrastructure investment growth could accelerate to 7.5 % on the year in 2019[1] (refer Figure 1 above).

Beijing announced yesterday a 1.35 trillion Yuan (US $199.54 billion) special bond issuance for provincial governments’ infrastructure projects in 2018, disbursal for which is scheduled to be completed by September 2019[2]. Analyst estimates this year’s special bonds issuance could be around 2.2 trillion Yuan[3].

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