ab 25 July 2025 Global Research First Read China construction machinery sector Expert call takeaways: Optimistic estimates suggest lower YTR hydropower project may boost China construction machinery sector annual sales by c5-10%, especially benefiting leading domestic players Under base/bull case scenarios, lower YTR project could increase annual construction machinery sales by c3~5%/5-10% Equities China Heavy Machinery Phyllis Wang Analyst phyllis.wang@ubs.com +86-21-3866 8964 We invited an expert to share ...