Shandong Council for the Promotion of International Trade (CCPIT) has been focusing on the development of the industrial sector. He Zhong qun, Vice President of CCPIT Shandong, attended the event and introduced the new opportunities for high-quality development in Shandong.

According to Markets and Markets, the size of the heavy construction equipment market is expected to grow from USD 129.11 billion in 2021 to USD 180.06 billion in 2024, at an estimated CAGR of 7.0%. The heavy construction equipment market is expected to grow at a high rate due to increasing urbanization, massive investments in infrastructure and industrial sectors, and increased construction activities in emerging economies.