China's heavy truck, excavator sales plunged in August, rebounds expected in coming months as local government bond sales pick up

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China's heavy truck and excavator sales plunged in August on year after robust growth in the first half of the year. Analysts believe the worst for the market is about to end and as issuance of local government special-purpose bonds picks up in the coming months, sale figures could rebound soon.

China's heavy truck sales slid 19 per cent in August from the previous month to about 62,000 units, plunging 52 per cent from the same period last year, according to data from cvworld.com, a Chinese commercial vehicle information provider.

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