Machine tool industry will continue last year's restorative growth

A few days ago, the reporter learned from the 17th China International Machine Tool Exhibition (cimt2021) that in June 2019, the import and export trade surplus of China's machine tool industry appeared for the first time and has been maintained. From January to December 2020, the import and export trade surplus of China's machine tool industry was US $2.45 billion.

According to the China Machine Tool Industry Association, in 2020, the business situation of the machine tool industry will improve month by month after March, and then accelerate to pick up every month. This year will continue last year's restorative growth trend, the market will show the characteristics of high before low, and the main economic indicators are expected to grow by more than 5%.

Foreign enterprises in China also have good expectations for this year's operation. At the joint meeting sponsored by China Machine Tool Industry Association, Feng Haitian, general manager of Liebherr Mechanical Services (Shanghai) Co., Ltd., said that the company's performance in automobile, agricultural machinery, new energy, construction machinery and other sub industries has grown rapidly, and the company is very optimistic about the market prospect in 2021.