Economic Measures for Improvement of the International Competitiveness of Chinese Construction Machinery Industry

This study aimed to explore economic strategies that the government and private sector in China can present to guarantee the China's Construction Machinery industry is competitive take the center stage in the global market.The purpose of the study was to investigate how the private companies and the government of China have taken the center stage in presenting economic measures that would assist in the competitiveness of china construction machinery industry in the global market.The study applied the methodology that consisted of the concentration on comprehensive access to relevant online databases and the academic sources that conform to the economic measures and china construction machinery industry.The results revealed that improved wages and remuneration process, tax incentives, exports and imports strategy and economic policies related to foreign direct investment were vital economic measures.While these economic measures are viable, there was an issue in the fast implementation contributing to the recommendation that every government and private company must be ready and work together to implement these measures.Prompting private companies and the Chinese government to implement the stated economic measures will lead to the global competitiveness of the china construction and machinery industry.