XCMG shines its spotlight on high-end machinery products

Xugong Construction Machinery Group Inc, or XCMG, one of China's top three heavy construction equipment manufacturers by sales revenue, will expand globally with a focus on acquisitions, intelligent manufacturing, and research and development of high-end products.

It will also focus on growing the domestic market share, its chairman said.

"The boom in the low-end market could blindfold enterprises. With orders flooding in, some machinery companies seem to be under an illusion that there is easy money to be made," said Wang Min.