Machine Tool Industry Situation in China

March 23rd, 2008

According to the recent news on China Metal Cutting Tool Engineering Association’s website (www.ccta.net.cn), in 2007, China’s machinery industry production value is 6000 billion RMB (about 850 billion USD), in which machine tool industry production value is 260 billion RMB (about 36.8 billion USD) and is 30%–35% higher than in 2006.

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