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| Home > News > Contents | | | The economic situation of China machine tool sector | | | Time:2006-8-24 17:11:57 Source:机床协会 Author:机床协会 | [Size:B M S][Favorite][Close] | |
China has reinforced the implementation of macroeconomic measures since 2004 to control fast growing fixed asset investment and unreasoning investment in some industries, to prevent the economy from overheating and low-level repeated construction, and to maintain the continuous and rapid development of the national economy. For the first half of this year, China’s GDP increases over 9%.
China machine tool market has kept high demand this year, especially on hi-tech and reliable machine tools when carrying out projects such as the West Development and the Revitalization of Northeast Industrial Region. The total output value and sales revenue of China machine tool industry maintain an increase of 35% compared with the same period of last year, and the growth rate is 2-3% higher than the same period of last year. To be specific, the output value and sales revenue of the metal working machine tools are 45% more than those of the same period of last year, the growth rate 3-5% higher than the same period of last year; Machine tool import maintains high increase rate of over 40% among which machine tool import grows by 37%. It is estimated that the total output value and sales revenue of China machine tool sector will be over 100 billion Yuan this year while the machine tool consumption volume will exceed 7.5 billion USD and the import volume will reach 5 billion USD.
The macroeconomic control policy of China is aimed at preventing unreasoning investment and low-level expansion in some sectors (such as steel, electrolytic aluminum and cement), strengthening currency and credit control, readjusting land management and fixed asset investment as well as checking breaches of laws and regulations. The measures have taken effect and will also have influence on the development of the machine tool sector this year. It seems that the machine tool sector keeps growing in the first half of this year. However, it is estimated that the growth rate will slow down in the second half of this year. Nevertheless the requirements for the high-tech machine tools will still go up.
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