From April 24th to 26th, the 4th Board of Directors & Member Representatives of the 5th China Construction Machinery Industry Association with the theme of “New Changes, New Challenges and New Developments” was held in Changxing, Zhejiang Province. Wu Peiguo, Chairman of CHINA SINOMACH HEAVY INDUSTRY CORPORATION, attended the 7th Standing Council Conference & the 4th Session Conference as the Vice President of the 5th Council, and hosted the keynote speech of the 17th China Construction Machinery Development Forum as one special guest.

It is generally believed that the construction machinery industry is difficult to sustain high growth in year 2019, but it still maintains a high level of operation. The Industry internal competition has become more intense, and the international market has increasingly become the battlefield of the Red Sea. Overall, the construction machinery industry continues to maintain the characteristics of heavy assets and heavy investment. The giant hegemony will further accelerate the exit of small and medium-sized enterprises, and the industry reshuffle period is coming again.