Chinese engineering machinery welcomes happiness in Malaysia      

According to statistics, the construction industry in Malaysia ranks second in ASEAN countries, and is also the fastest growing area of domestic economic growth. From 2012 to 2015, the government of Malaysia invested more than 100 billion dollars in the construction industry. The research institute indicated that the Malaysian government will spend 64 billion 400 million dollars in the Eleventh Malaysia plan (2016-2020) in the five years to promote the construction.

Although the market space is huge, but due to the lack of technology and the lack of manufacturing power, Malaysia's construction machinery mainly relies on imports. In the past few years, it was mainly monopolized by Japanese enterprises. In recent years, with the rapid rise of Chinese construction machinery, the local market has been gradually occupied by Chinese products. It is reported that China's export of construction machinery to Malaysia in 2015 increased by 35.6%, in the last three years, over two times.

It is worth mentioning that, in many construction machinery category imported from Malaysia, Chinese brands are dominant, such as crane, $67 million 680 thousand, of the total import volume of 40%; loader is $18 million 950 thousand, the total import volume of 60%; concrete pump $15 million 770 thousand, total imports accounted for 54%; 9 million 470 thousand concrete mixer dollars, the total import volume of 98%; concrete mortar mixing machine for $6 million 180 thousand, accounting for 81% of total imports; rig $460 thousand, total imports 89%.

In addition, in 2015, China also exported 12 million 70 thousand US dollars to Malaysia excavators, 3 million 670 thousand US dollars for road roller exports and 1 million 510 thousand US dollars for bulldozers.