China is still the largest importer of machine too

2022-08-22
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China is still the largest importer of machine tools

in 2012, the amount of machine tools that China should import for supplementary experiments reached 10.6 billion euros, accounting for 10. 5% of the global import volume 28.6% of the belt driving the oil pump is loose, which is the largest import market in the world. Since 2007, China's import dependence has decreased by 15 percentage points and is currently stable at 45%. In 2012, China imported 10.6 billion euros of machine tools, accounting for 28.6% of global imports, making it the world's largest import market. Since 2007, China's import dependence has decreased by 15 percentage points and is currently stable at 45%. There are two main reasons for this. First, China's industrial policy requires to increase the use of domestic machine tools (Chinese manufacturers, joint ventures), implement preferential tariffs on imported high-tech investment products, and improve its own technological capacity; Second, foreign machine tool enterprises have significantly increased the number of new and expanded factories in the region

in 2012, the output value of German machine tools basically reached the level of 2008, but the export amount was 22.2 million US dollars, and the consumption was still more than 25% lower than that in 2008. After two years of rapid growth without the use of factory compressed air, China's output value and consumption have decreased significantly. Japan is basically stable, but it has not yet reached the pre crisis level. Consumption is about 38% lower than the record in 2007. What is more dramatic is that in Italy, consumption has decreased by more than half compared with 2007, and with the support of foreign businesses, the output value is 20% lower than that in 2007. The production of machine tools in South Korea has basically continued to grow. Due to the twists and turns of the crisis in 2009, the market consumption decreased due to the record setting in 2012. The United States experienced a two-year low after the crisis. In 2011 and 2012, it increased again like a Phoenix Nirvana, and the consumption of machine tools even exceeded the highest record in 2008

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