Industry insiders say China has a huge demand for large and
medium tractors and many other types of agricultural machinery as
the country moves to modernize its agriculture.
"China needs 200,000 large and medium tractors each year over
the next five years," said a market research report
The report, drafted by the Shenyang North Traffic Heavy Industry
Group Co. Ltd, said China has 17.28 million tractors in use at
present, including 1.67 million large and medium tractors. In
addition, about 20 percent of the large and medium tractors in use
have served for more than 10 tens.
The report said that as the scale and technological level of
agricultural production grows, there's an increasing need to
replace small tractors with large and medium tractors.
The company, an engineering machinery producer based in
Shenyang, capital of northeast China's Liaoning Province, started
construction of a modern agricultural machinery industrial park in
Shenyang on Oct. 10.
According to the report, the use of machinery in agricultural
production remains very limited in China, which promises a vast
market potential.
(Xinhua News Agency October 14, 2007)
