Chinese Market for Tractors ‘Saturated’

Asia’s largest tractor maker, Kubota Corp., expects machinery sales in China to slow this year as the market is becoming saturated, President Yasuo Masumoto said, according to a May 11 Bloomberg report.

Chinese sales of machinery such as tractors and combines may rise 29% to 51.6 billion yen ($557 million) in the year ending March 2011, Masumoto said at a news conference in Osaka, where the company is based. That compares with a 48% increase…

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