China will replace Germany as the world's largest machinery manufacturing country

According to data from the German Federation of Machinery and Equipment Manufacturing Industry, global machinery manufacturing sales were 1.58 trillion euros last year, an overall increase of 3%. In the global financial crisis, China strode forward over Germany and become a new Machinery manufactures the largest country.

Among them, China's machinery manufacturing sales increased by a staggering 30% to a total of 271 billion euros. China’s share in the world market also reached 17.2%. Although the German machinery manufacturing industry sales also increased by 8% last year, the total 233 billion euros, but its world market share has dropped to 14.7%. The financial crisis, "the hardest hit" - the US machinery manufacturing industry is also hit hard, sales of nearly 230 billion euros, down by 10%, the world The market share was 14.6%. After that, the world market share ranking was 11.8% in Japan and 6.8% in Italy.

The German media pointed out that this is "a severe blow from the Far East to the German machinery manufacturing industry in the financial crisis" and also shows that Germany's five-year mechanical manufacturing boom is declining. The Director-General of the German Federation of Machinery and Equipment Manufacturers Hannes Hesse stated that in 2009 Germany's machinery manufacturing output may face a 10% to 20% decline, and this downward trend is expected to end in the middle of this year.

However, the German "Focus" Weekly pointed out on the 21st, China's machinery manufacturing industry sales in the world, does not indicate the status of China's machinery exports. German machinery exports will still be the world's first. 31 departments in the machinery manufacturing industry In China, 17 countries in Germany occupy a leading position in the world, such as mechanical handling, power transmission equipment and printing technology. In China, only certain sectors such as textile machinery are competitive, and more than 50% of China's high-end machinery products still need to be imported. The Frankfurt Report also believes that the machinery manufacturing industry in Germany and China is not on the same competitive platform.