Reporters' Log

Sany expects sales to hit 30 billion yuan in 2009

By Liu Weling, Feng Zhiwei, Diao Ying, and Zheng Lifei (chinadaily.com.cn)
Updated: 2009-03-08 11:47

Sany Heavy Industry Co expects its sales to reach 30 billion yuan this year, said Xiang Wenbo, president of the company.

Sales of the heavy machinery maker amounted to over 20 billion yuan in 2008, according to Xiang. Around $600 million of the revenue came from the overseas market.

On the sidelines of the annual session of the National People's Congress, Xiang said the company is expected to benefit from the government's economic stimulus plan, while predicting the domestic market will see a steady increase this year.

But he is pessimistic about the overseas market. "The heavy machinery industry has been impacted severely as a result of the financial crisis," he said.

The company's oversea sales went up by 160 percent in 2008, and he estimated that in 2009 the oversea sales will remain the same as last year, which were around $500 to $600 million.

Central Economic Work Conference

• Interest Rate Cut
• 30 Years of Reforms
• Coping with Financial Crisis
• Housing in China
• 2008 Tsinghua Management Global Forum
• more

Hot Words

• 政府注資 pump priming
• 軟環(huán)境 soft environment
• 糧食最低收購價 crops' minimum purchase prices

• 保八 Eight Percent Protection
• 以人為本 Put People First
• 農(nóng)民企業(yè)家 Farmer-turned-entrepreneur
• 窗口指導(dǎo) window guidance
• 下崗再就業(yè) Re-employment after being laid off
• more

From Foreign Press

• German media give full coverage to Premier's report
• Overseas press praise China's 8% economic growth
• German media: Economy tops agenda at NPC session
• From the foreign press
• World media keeps close watch on 'two sessions'
• more

Letters

• Corruption top issue for public
• China adopts Food Safety Law
• China's economic growth in 2009
• more