威克特 威克特

07

2022

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06

China's machine tool consumption is growing strongly German manufacturers return to China


Although the Chinese market was previously hit hard by the COVID-19 pandemic, it has recovered rapidly, with Chinese industrial production and capital investment expected to grow by more than 5% each in 2021, with machine tool consumption likely to see strong growth of 10%. “Germany is the second largest supplier to China’s machine tool industry after Japan, with a position in the high-tech field. Its technology is widely used in various customer fields in China, such as automotive and aerospace as well as mechanical engineering, power generation and other broad-based Machine tool users," explained Shane Sun from the German Machine Tool Builders' Association (VDW) China in Frankfurt at the 17th China International Machine Tool Fair (CIMT2021).