Briefly

Cargo throughput rises 10.9% in April

Cargo throughput at Chinese ports witnessed stable growth in April as the country's foreign trade continued robust expansion, data from the Ministry of Transport show. Last month, China's ports handled 1.32 billion metric tons of cargo, up 10.9 percent on a yearly basis, according to the ministry. Cargo throughput in April rose 15.5 percent from the same period in 2019.The country's container throughput at ports climbed 14.8 percent from the previous year to 23.71 million twenty-foot equivalent units, the ministry said.

Sany sells 98,705 excavators in 2020

Heavy-equipment manufacturer Sany Heavy Industry Co Ltd sold 98,705 units of excavators last year. According to excavator market consultancy Off-Highway Research, Sany's excavator sales accounted for 15 percent of the global market share last year, ranking first in the world. Excavator sales have been widely cited as an important indicator of the vitality of an economy, as demand is usually backed by growth in mining and infrastructure development.