FAST: Heavy truck markets in 2012 to be better

www.chinatrucks.com: Li Dakai, head of FAST Gearbox, recently was quoted as saying that sales of heavy trucks will be better this year due to five factors.

Firstly China government will down regulate deposit reserve ratio, and at least 3% can be down to 18.5%. Secondly local government can loan currently, and this is a big progress on financing. Third, micro and small companies will be supported by financing policies. Fourth, NDRC has ratified construction of subways and light railway. Fifth, Northeast China and Northwest China will be further developed. All these factors can support development of heavy trucks.

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