In the first three quarters of 2011, the total output value of China's machine tool industry increased 33.5% year-on-year

According to the latest data released by the China Machine Tool Industry Association, China's machine tool industry still maintained relatively high growth in the first three quarters of this year, but its growth rate has gradually slowed down compared to 2010, and it has begun to show a slow decline. Affected by changes in market demand, the market for some heavy-duty machine tools and the counteracting machine tool market declined. The market for medium and high-end machine tools and special equipment remained strong, especially as imports continued to maintain high growth. The monthly increase of new contracts for enterprises is on a downward trend year-on-year, and large-scale and CNC machine tools exported to international emerging markets are on the rise.

According to statistics, from January to September this year, the machine tool industry accumulated a total industrial output value of 472.17 billion yuan, an increase of 33.5%. The accumulated sales value of product sales was 458.01 billion yuan, an increase of 33.3% year-on-year. The cumulative import of machine tool products was US$ 15.27 billion, a year-on-year increase of 38.5%. Of which, metal processing machine tools imported 9.91 billion US dollars, an increase of 51.4%. Exports of machine tool products reached US$6.56 billion, a year-on-year increase of 29.5%; of which exports of metal processing machines reached US$1.74 billion, an increase of 31.7% year-on-year. Japan has become China's leading source of metal processing machine tools, an increase of up to 68.9%, accounting for 40.3% of total imports. The next largest source of machine tool imports was: Germany, Taiwan, South Korea, and Italy.

According to the prediction of China Machine Tool Industry Association, the overall trend of China's machine tool industry in the last three months of 2011 is still slowly declining, but the probability of a sharp decline in growth rate is not high, and there will be a slight rebound in November and December; 2011 The major economic indicators of the year have shown rapid growth over the previous year, total output value growth is expected to exceed 25%, total profit growth can reach over 30%, and import and export will maintain relatively high growth, including import index growth At 30%, the growth rate of export indicators is about 24%.