CHINA MACHINERY: CONSTRUCTION 23 September 2025 | 10:43AM HKT Equity Research Key takeaways from expert meetings: underlying domestic recovery remains mild; competition intensified We hosted three meetings in Beijing last week with industry experts with backgrounds mainly in market intelligence across a machinery industry consultancy firm, an industry association and an OEM. Key topics of discussion mainly focused on: 1) reconciling the divergence between falling machine utilization hours and the better-tha ...