To offset the downturn at home, China's construction machinery seeks international markets and the effects can be as dramatic as other Made-in-China export booms, says David Fickling for Bloomberg Opinion.
  • Circumspect governments should be looking at ways to outcompete this shift. Instead, they’re raising the drawbridge.
  • The European Union last month set tariffs as high as 67 per cent on Chinese construction machinery, while the UK has more recently imposed duties of more than 30 per cent on excavators made by Sany, Liugong and XCMG.