["Financial Network" zhuangao] January 13, XCMG Machinery (000425.SZ, hereinafter referred to as Xugong) insiders, the company expects full-year 2009 exports of about $ 400 million, down 50%.
The parties affected by the international economic crisis, Xugong exports dropped sharply in 2009, which, by the impact of Dubai's real estate bubble, the biggest decline in the Middle East market. As the international construction machinery market to pick up, the company expects export growth in 2010 is expected to reach 20%.
Xugong varieties currently exports mainly machinery and truck cranes, crawler cranes, loaders, export market mainly to developing countries. Guoxin Securities analyst Yu Aibin predict, as the world economy recovers, the construction machinery industry in 2010, export growth is expected to reach more than 20%
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