China Tractors Manufacturing Industry, 2013-2017

Last Update:2014-05-27
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Preface
Table of Content
Since 2010, the State has increased efforts to expand the buying subsidies to agricultural machinery. The central governmental subsidies reached 15.5 billion Yuan in the year of 2010. In 2011, the subsidies will keep increasing to 17.5 billion Yuan. The agricultural machinery subsidies greatly promote the agricultural market, which leads main tractors market of agricultural machinery market into a hot state. Meanwhile, since the overall trend of steel price is steady, but the enterprises’ sales volume increases somewhat, especially for the large and middle tractors, the benefit situation of tractors industry turns to be good.
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