Current situation of China's economy and machine tool industry in 2010

In the past year or so, the impact of the global financial crisis has continued and spread, and governments around the world have taken countermeasures. However, the severity of the impact of the crisis on the economy and the tortuosity of economic recovery are still beyond people's expectations. In such a complicated international economic environment, the Chinese government has persisted in implementing a package plan to deal with the international financial crisis and has maintained a steady and rapid growth of the Chinese economy. In 2009, China's GDP grew at an annual rate of 8.7%, and the machine tool industry completed a total industrial output value of more than RMB 400 billion, a year-on-year increase of 16.1%. Among them, the output value of Jinqie machine tools increased by 3.5% year-on-year, and the output value of forming machine tools increased by 14.2% year-on-year. Metal processing machine consumption reached US$19.79 billion, a year-on-year increase of 0.5%.

From the end of 2009 to the beginning of 2010, the world economy showed signs of different degrees of recovery. The Chinese economy achieved 11.2% growth in the first half of 2010. The industrial growth rate was generally faster, and the industrial added value of enterprises above designated size increased by 17.6%. From January to June, China's machinery industry completed the total industrial output value and sales value of 6.59 and 6.44 trillion yuan respectively, up 36.94% and 37.94% respectively. In terms of output growth rate, the automobile industry was 48.9% and the construction machinery industry was 54.42%. 37.14% of mechanical basic parts industry and 37% of internal combustion engine industry. According to the statistics of China Machine Tool Industry Association, from January to June 2010, China's machine tool industry completed industrial output value of 242.42 billion yuan, up 41.4% year-on-year; 1-6 The monthly sales value of products was 235.87 billion yuan, a year-on-year increase of 42.0%; both maintained a high growth trend. Among them, the gold cutting machine industry completed a total industrial output value of 57.21 billion yuan, an increase of 31.7%; the total industrial output value of the forming machine tool industry was 17.91 billion yuan, an increase of 42.9%. From January to June 2010, the cumulative import of machine tool products was 6.68 billion US dollars. The year-on-year growth was 38.3%. Among them, the import of metal processing machine tools was 3.92 billion US dollars, up 24.2% year-on-year. Both of them exceeded the import value of the same period in 2008. The export of machine tool products was US$3.11 billion, up 45.7% year-on-year; of which, metal processing machine tools exported US$810 million, up 20.0% year-on-year.

The steady and rapid growth of the Chinese economy is closely related to the policies implemented by the Chinese government and implemented continuously. The Chinese government emphasizes that under the current situation, China needs to maintain the continuity and stability of macroeconomic policies, enhance the pertinence and flexibility of regulation, and grasp the intensity, pace and focus of policy implementation. It is also required to take the handling of maintaining a stable and rapid economic development, adjusting the economic structure and managing inflation expectations as the core of macroeconomic regulation and control, focusing on transforming the economic development mode, focusing on adjusting the economic structure, focusing on independent innovation, and focusing on energy conservation and emission reduction. Focus on deepening reform and opening up. It is foreseeable that a solid policy foundation will ensure that the Chinese economy will maintain a steady and rapid development in 2011 and even for a longer period of time. At the same time, the growth rate of investment in the main user sector of the machine tool industry has maintained double-digit growth, which will also help the machine tool industry maintain steady growth.

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