CN Construction Equipment Makers Expand Despite Loss

choi

Tom Orlik, China's Hole In Equipment Sales Story. Wall Street Journal, Aug 8, 2012 (in the half page Heard on the Street).
http://online.wsj.com/article/SB ... 74732666034146.html
("A decade-long investment boom is winding down in China. Year-on-year growth in fixed-asset investments has slowed from a peak of more than 33% in the summer of 2009 to just over 20% so far this year. Sales of construction equipment have plummeted. Excavator sales were down 19% in June from a year ago, the 14th straight monthly decline")

Note:
(a) Zoomlion Heavy Industry Science and Technology Co, Ltd  中联重科 (public, listed on the Shenzhen Stock Exchange; founded in 1991 at Changsha)
(b) The report observes, " At Zoomlion, accounts receivable rose to more than 200% of sales in the first quarter, up from 90% in June 2010."

accounts receivable
http://en.wikipedia.org/wiki/Accounts_receivable
(money owed to a business by its clients (customers))