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Chinese machine tool consumption is growing strongly, and German manufacturers are organizing a group to return home
Although the Chinese market has been heavily hit by COVID-19, it has quickly recovered. It is expected that China'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 in the Chinese machine tool industry after Japan, and its position in the high-tech field is also high. Its technology is widely used in various customer fields in China, such as automotive, aerospace, mechanical engineering, power generation, and a wide range of machine tool users." At the 17th China International Machine Tool Exhibition (cimt2021), Shane sun from the German Machine Tool Manufacturers Association (VDW) explained in Frankfurt.
On April 12th, at the cimt2021 press conference of the German Machine Tool Manufacturers Association, Wilfried Sch, General Manager of VDW, Frankfurt, Germany? Dr. fer said, "Due to the impact of COVID-19, exports are restricted. German manufacturers will be mainly exhibited by their subsidiaries in China."
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