With the accelerated implementation of macroeconomic regulation policies, excavators, loaders, and other equipment closely related to infrastructure construction have shown a trend of bottoming out and rebounding. The domestic market sales of excavators have continuously achieved positive growth every month since May, and the bottoming out trend is obvious. Recently, Su Zimeng, President of the China Construction Machinery Industry Association, used the words "bottoming out and rebounding" and "clearly bottoming out" to give a positive signal for the economic operation of the construction machinery industry in the first half of the year.

The phenomenon of low demand for construction machinery is not only affected by external environmental factors, but also has corresponding internal logic. In its industrial chain, in addition to equipment manufacturers, there are also numerous spare parts manufacturers. The improvement of the supply chain and the aftermarket for construction machinery has reduced the cost of replacing spare parts and extended the replacement cycle of construction machinery equipment.

Now, the policy of large-scale equipment updates is once again being intensified. The National Development and Reform Commission and the Ministry of Finance recently issued the "Several Measures on Strengthening Support for Large scale Equipment Renewal and Consumer Goods Trade in", and arranged about 300 billion yuan of ultra long-term special treasury bond funds to strengthen support for large-scale equipment renewal and consumer goods trade in.