Urbanization to lift machinery sector, executives predict

China's rapid urbanization will bring more opportunities for the development of the agricultural machinery industry, according to the chairman of the nation's leading tractor maker.

Zhao Yanshui, chairman of YTO Group Corp, said that demand for new types of tractors will surge along with the process of urbanization.

Zhao said that he was impressed while visiting a showcase of urbanization where 10 villages were merged into one big residential community in Xinzheng, Henan province.