German Machine Tool Manufacturers Association predicts that China's machine tool market will return to growth

Abstract During the China CNC Machine Tool Exhibition in April 2016, the German Machine Tool Manufacturers Association (VDW) held a press conference. VDW Minister of Economy Gerhard Hein said that the machine tools exported from Germany to China reached its peak in 2012,...
During the China CNC Machine Tool Show in April 2016, the German Machine Tool Manufacturers Association (VDW) held a press conference. VDW Minister of Economy Gerhard Hein said that German machine tools exported to China reached its peak in 2012, but the trade volume in 2015 was only 2.1 billion euros, a drop of more than one-fifth. This means that China's industrial sector has lost some of its growth momentum, and high-growth capital investment in production technology has become a thing of the past.
But despite this, according to the British economic forecasting agency Oxford Economics (VDW's cooperative forecasting agency), although the machine tool orders from China decreased by 13% last year, the overall economic benefits, industrial output, capital investment and machine tool consumption will eventually grow. . As an important indicator of the development of bilateral trade, after the continuous consumption of machine tool consumption in 2013~2015, it is expected to return to the growth track, whether in US dollars or in the national currency. Therefore, China is still the most important sales market for German manufacturers.
After three consecutive years of decline, China's total machine tool consumption reached 21 billion euros in 2015, and consumption again showed an upward trend, which was about 4% in euros. This makes China the world's largest machine tool market, more than three times the number two and third in the United States and Germany. "This figure is largely influenced by the exchange rate of the renminbi against the euro. In fact, in terms of domestic currency, China's machine tool consumption has fallen by 11%." In particular, Mr. Gerhard Hein pointed out that in the top ten countries, except for Russia, machine tool consumption has increased in euros.
In comparison, the amount of machine tools imported from China in 2015 reached 138 million euros, a growth rate of 2%. “In the past seven years, except for 2013, our imports from China have been growing.”
Gerhard Hein said: "According to the report of this forecasting agency, China's machine tool consumption is returning to normal, which is obviously a happy thing." He said that from the order quantity, the transformation process of China's industry has not yet been completed. The modernization of China's industry is inseparable from high-end machine tools. More than a quarter of China's high-end machine tools are imported from Germany. German machine tool manufacturers will provide more products and technical support to China to help China's industrial sector achieve further modernization. In 2015, German machine tool consumption increased by 6%, and it is expected to increase by 2% in 2016. In January this year, orders also increased by 6%. These figures show that the sales of machine tools in Germany ushered in a good start in 2016, and the German Machine Tool Manufacturers Association (VDW) is optimistic about the trend in 2016.
Dr. Zhang Ming, General Manager of VDW member company EMAG Machine Tool (Taicang) Co., Ltd., Andrew Parkin, General Manager of Henglun Machine Tool (Changzhou) Co., Ltd., and Feng Guo, General Manager of Kappa Asia Technology (Jiashan) Co., Ltd. attended the conference.
Most of these companies have already established factories or joint ventures in China, and China is the most important foreign market for them. It is reported that at the exhibition, a total of 110 German companies participated in the exhibition, including German pavilions composed of independent exhibitions in many fields, and German exhibition halls supported by the German Federal Ministry of Economics and Energy (BMWi). The German Legion is this year. The largest foreign exhibition group at the CNC machine tool exhibition.
Gerhard Hein said this year marks the 125th anniversary of the German Machine Tool Manufacturers Association (VDW). Looking back at history, VDW not only regards itself as a supplier, but also acts as a partner to promote China's industrialization and modernization. ”

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