China's machine tool industry ranks first in total output value

In 2009, despite the negative growth of the global machine tool industry due to the financial crisis, the total industrial output value of China's machine tool industry has leapt to the first place from the third place in the world, becoming the world's largest machine tool producer. China’s position in the world's machine tool industry has also been significantly improved. The competitive advantage of Chinese companies participating in the world's largest machine tool exhibition lies in excellent quality and competitive prices. While the Chinese machine tool industry continued its rapid growth, it also achieved a qualitative breakthrough in technological capabilities, formed international competitiveness in the field of high-end machine tools, and created several world-class machine tool companies.

"After a short pause, China will once again become an important driver of the global economy next year," said Dr. Wilfried Sch.fer, general manager of the German Machine Tool Manufacturers Association. Affected by the global financial crisis, China's GDP growth slowed down in 2009, but at present it maintains steady growth. This trend will continue in 2011, and investment will increase again next year.

“The global manufacturing technology industry customers rekindled their purchasing enthusiasm.” Data show that major global user industries, such as the electrical industry, metal product manufacturers, precision engineering, optics, mechanical engineering and automation industries and their suppliers, are planning Their investment ratio achieved double-digit growth. China's machine tool usage will also increase significantly, and it is expected to increase by 15% in 2011.

In 2009, Germany surpassed Japan for the first time to become the first supplier of Chinese industrial special machinery. This also proves that Chinese industry is using the latest mechanical equipment to achieve high-speed expansion and modernization. The organizer of the 2011 Hannover European Machine Tool Show said that the previous show attracted 2,100 companies from 42 countries and regions, and the number of visitors reached 166,500. As the world's largest exhibition in the field of machine tools and metal processing, the exhibition is expected to have 110 Chinese companies exhibiting, mainly from the Northeast, East China, Southwest, Jiangsu and Zhejiang. The total exhibition area is 4,000 square meters, and the current data on the exhibition has increased by 10% compared with the same period of last year.

"The global economic crisis will not weaken Germany's exports of machine tools to China," Schfer said. In 2009, the export volume increased by 13%, and this growth rate was maintained in the first half of 2010. The future will also continue to maintain the momentum of growth. Chinese orders for German machinery and equipment increased by 63% in the first half of 2010.