China's metal processing machine tool market potential still exists
China Machine Tool & Tool Industry Association said on the 15th that in 2018, China's machine tool and tool consumption market will show a trend of high, low, and stable at the end of the year. In 2019, China's machine tool industry will enter a critical stage of transformation and upgrading and high-quality development.
Mao Yufeng, executive vice president of China Machine Tool Industry Association, introduced the operation of China's machine tool industry in 2018. In 2018, the total consumption of metal processing machine tools in the whole year was 29.13 billion US dollars, down 2.8% year-on-year; the total production was 23.46 billion US dollars, down 4.3. %; total export value was US$4.0 billion, up 21.6% year-on-year; total import value was US$9.67 billion, up 10.6% year-on-year. Comprehensive analysis of the above consumption, production and import and export data, although the current market demand has fluctuating pressure, but in the future China's metal processing machine tool consumer market potential still exists, in general, the demand structure continues to upgrade.
Mao Yufeng pointed out that in the face of profound changes in the external environment and the pressures and challenges of economic transformation, the national economy is expected to continue to maintain stable, healthy and sustainable development in 2019; a series of policy measures such as simple administration, tax reduction, fee reduction and financing facilities. And the continuous improvement of the business environment can effectively stimulate the vitality of the market and enterprises. The manufacturing industry is expected to usher in a new period of development opportunities; China will promote the high-quality development of manufacturing, strengthen the industrial base and technological innovation capabilities, and promote advanced manufacturing. Converged with the modern service industry.
Mao Yufeng emphasized that 2019 is a crucial year for China's machine tool industry, and China's machine tool industry will enter a critical stage of transformation and upgrading and high-quality development.
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