China Services sector growth soars in November 2020
While we are still complaining that business is standing still and even going backward, China has already reignited their economy engine and it is going smoothly and steadily on track. They are in a way pushing up the prices of raw metal materials with their better than expected demand for production and sucking up the container spaces available. The situation is there to stand for a period which we will not be able to determine with a degree of certainty.
China compressor factories are already running at full swing. We do not expect to have a bargain over pricing next year. We shall expect production lead-time to get longer and prices are on the upward trend. Please be advised to plan your purchase and commit if necessary. Do not wait until the last minute when the inventory is running out. The aftermarket is always overlooked as the O.E.M market is the top priority for manufacturers.
Attached is an article about the China's economy report in the month of November, 2020.
07 Dec 2020
