Indicator Chinese companies still not confident in China recovery? Big drop in China medium/heavy duty truck sales vs pre-Covid. Some element that big pre-Covid new truck sales mean not as much required replacement BUT companies tend to extend replacement cycle in any equipment when they don't have as much confidence in the outlook. Trump election likely to keep this trend going for now. Thx @BloombergNEF Luxi Hong #OOTT https://t.co/EyjmTYDidV https://t.co/izd6yZ4lhY.