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Zhejiang Shoucheng New Energy Technology Co., Ltd.
11
2023
-
05
China's machine tool consumption is growing strongly, and German manufacturers are returning home
Although the Chinese market has been hit hard by COVID-19, it has recovered quickly. It is estimated that my country's industrial production and capital investment will increase by more than 5% respectively in 2021, and machine tool consumption is expected to achieve a strong growth of 10%. "Germany is the second largest supplier of China's machine tool industry after Japan, and has a high status in the high-tech field. Its technologies are widely used in various customer fields in China, such as automobiles, aerospace, mechanical engineering, power generation, etc. Machine tool users.” explained Shane sun from the German Machine Tool Builders Association (VDW) in Frankfurt at the 17th China International Machine Tool Exhibition (cimt2021).
On April 12, at the press conference of the German Machine Tool Manufacturers Association cimt2021, Dr. Wilfried Schöfer, general manager of VDW in Frankfurt, Germany, said: "Due to the impact of COVID-19, exports are restricted. German manufacturers will mainly rely on their Subsidiaries exhibit."
