China’s Sany Heavy poised for economic ‘golden age’

China’s construction equipment sector is slowly but surely digging itself out from under a mountain of inventory and will return to growth in the second or third quarter of next year as the economy recovers, the president of Sany Heavy Industry said.

Xiang Wenbo said that will set up the industry for a return to high-speed growth during the next year-2017 period, which he expects to be a “golden age” of development in China under new Communist Party leaders due to take office at a once-a-decade handover in November.

via Business feed http://www.scmp.com/business/companies/article/1072361/chinas-sany-heavy-poised-economic-golden-age