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Data from the National Bureau of Statistics showed that between January and July, the country's fixed-asset investment decreased by 1.6 percent on a yearly basis. It is expected the year-on-year growth in fixed-asset investment during the first eight months of this year would be minus 0.2 percent, with a positive growth in the near-term horizon. Industry experts believe that the recovery in fixed-asset investment would further boost demand for excavators.
David Qian, vice-chairman of Ecovacs, said many opportunities come from consumers' growing income, and rapid development of modern infrastructure and internet facilities in certain economies. This is particularly true for the Middle East and Southeast Asia, especially in countries such as Thailand, Singapore and Malaysia. Growth opportunities are arising from both online platforms and retail channels.
Dairy products such as yogurt and milk powder are popular in Xinjiang, "so trying our best to boost breeding and processing techniques and improve product quality are important, so that we can contribute to industrial development and ensure farmers increase their incomes," according to Liu Xiaojun, who is in charge of the company's breeding base.
Data from internet market consultancy iResearch show that China's total online shopping rose 24.7 percent year-on-year to reach 4.7 trillion yuan last year. That was 14 percent of China's total retail volume.
Darren McGarry, head of living collections at Edinburgh Zoo, said the zoo will now hold talks with its Chinese partners to discuss "future breeding possibilities".