Machine Tool Industry Equipment Manufacturing Drives China's New Economic Cycle

As a big manufacturing country, China's machine tool industry has been operating at a high level in recent years. Before the financial turmoil, this kind of high-growth situation has been maintained for seven consecutive years. During this period, the manufacturing volume of Chinese machine tools has also risen from the ninth in the world ranking to the third highest in the world, and the output value has increased by nearly six times. The title of the world's factory undoubtedly means a huge market demand. This kind of demand is like a huge thrust. It once pushed the machine tool manufacturing industry forward and it never seems to see a stagnation.

It is reported that in the economic crisis, China's equipment manufacturing industry represented by the machine tool industry has shown its strong development power. It has become a counter-cyclical regulator, not a pro-cyclical participant. In the future, it will be a new round of China’s economic cycle. The main driving forces for this are: First, equipment manufacturing will become the "engine" of China's technological innovation; Second, with the development of high-end equipment manufacturing, a large number of middle-class producers will emerge; Third, China's equipment manufacturing industry will gradually grasp International market pricing power for quantity products. The equipment manufacturing industry represented by the machine tool industry will be the driving force for China's new round of economic cycles.