China’s Premier Li Keqiang digs Sany’s ‘excavator index’ as measure of economic health
Activity of 380,000 concrete mixers, excavators and cranes provides ‘important support for macroeconomic analysis’, leader says after site visit
Data produced by China’s biggest heavy equipment manufacturer on the whereabouts of its construction machines is helping Beijing to better evaluate the state of the nation’s economy, according to Premier Li Keqiang.
After visiting Sany Heavy Industry on Tuesday, Li was quoted as saying that its “excavator index … provided important support for macroeconomic analysis”.
During his visit to Sany’s headquarters Changsha, central China’s Hunan province, Li “inquired in detail about the construction situation of different regions”, the statement said.
Sany, which has manufacturing facilities around the world and competes on the global stage with Caterpillar of the US and Komatsu of Japan, has been providing Beijing with information captured by the index on a monthly basis since 2014.