Amid ongoing urbanization and modernization of infrastructure, the Chinese pump market has great potential for rapid future growth. With a sweeping plan by the Chinese government to move 250 million rural residents into newly constructed towns and cities over the next dozen years, pumps used in the power generation and water & wastewater treatment sectors are expected to be in high demand. In this article Preston Reine of IHS discusses the potential headwinds that could delay the inevitable surge of the Chinese pump market.
