China is working feverishly to build infrastructure and, at the same time, the Chinese are building multi-story buildings and skyscrapers in most major cities across the country. There are cranes in use in almost every major Chinese city and the demand for cranes should remain strong as China continues its efforts to modernize and show that it can be an equal in dealings with developed Western nations.
Although both TEX and MTW are down at the moment, I see this as more a result of the perception of a "global slowdown" than a reflection of realities on the ground in China and other emerging countries.
