"I have to say that Sany's business fundamentals are pretty good, although there has never been an end to the rumors about large staff reductions and similar matters," said Liang.
Reports started coming out in July saying that Sany had made large reductions to its workforce.
Many observers took that as a sign that the country's industrial sector was slowing down.
Sany's net profits fell by 28 percent in the second quarter, its biggest quarterly profit drop since 2008.
"We cannot avoid temporary business adjustments, but these won't last," he said. "I am confident about our long-term business."
Recent official statistics have suggested that industrial production, fixed-asset investment and retail sales all accelerated in October, signaling
Beijing experiences windy weather, temperature drop
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