The latest forecast shows that China’s machinery industry is expected to continue its steady and relatively rapid development for a long period of time in light of China’s current economic development demand potential. It is expected that the total output value and sales revenue of China's machinery industry will increase by about 18% over the previous year, and the profit will increase by about 12% over the previous year. The foreign trade volume is expected to increase by about 150% over the previous year.

From the China Machinery Industry Federation on the 14th, it was learned that since the reform and opening up, especially since the beginning of the new century, the Chinese machinery industry has achieved sustained high-speed growth, but this situation has undergone major changes since last year. The main performance is growth. There has been a big drop. According to Cai Weici, vice president of the China Federation of Machinery Industry, despite this, the total output value of the Chinese machinery industry last year was still 25% higher than that of 2010, and the profit increased by 21% over the previous year, but the above growth rate was lower than that of 2010 respectively. More than 8 percentage points and more than 30 percentage points. The growth rate of China's machinery industry has apparently declined since 2011, which indicates that the period of rapid economic growth in China has gradually passed. In the future, the entire industry must adapt to the changing trend of market demand from heavy quantity to high quality.

Cai Weici stressed that in the Chinese machinery industry, the machine tool industry is in a special position in the “parent machine” industry. The scale of the Chinese machine tool industry has made great progress in the past decade. At present, China is already a world leader in the production and consumption of machine tools. It is worth noting that during the ten years of the “10th Five-Year Plan” and “Eleventh Five-Year Plan”, the Chinese machine tool industry achieved a sustained rapid development. Until the first half of 2011, the vast majority of machine tool companies still saw a boom in production and sales; but from the second half of last year, At the beginning, the growth of industry demand has obviously slowed down, and the economic benefits have gradually become severe. Last year, the growth rate of the total output value of China's machine tool industry fell from about 39% at the beginning of the year to 33% at the end of the year, and the profit growth rate decreased from about 58% at the beginning of the year to about 30% at the end of the year.

Cai Weici stated that the huge import and export deficit indicates that the demand for high-end machine tool products in China still exists objectively and will continue to grow rapidly. If the Chinese machine tool industry can convert excess mid- to low-end production capacity into "high-end" production capacity to meet demand, in particular, In the areas of basic products such as functional components and numerical control systems, we will focus on reducing gaps, and the competitiveness of the Chinese machine tool industry will be significantly improved. He said that as long as the entire industry accelerates the transformation and upgrading, the prospects will remain bright. It is expected that the production and sales of the Chinese machine tool industry can still achieve a steady growth this year.

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