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The overall trend of the machine tool industry in 2017 showed a steady recovery trend

After the machine tool industry entered 2017, the tool market has taken on a new look. Foreign companies, like domestic companies, have generally achieved rapid growth in sales revenue of more than 20%. Looking at my country's tool market, the decline has stabilized since the second half of 2016, and there has been a clear recovery. So far, from the perspective of the development trend in 2017, the tool market has maintained a good development trend of both production and demand, which has laid a good foundation for the development of the machine tool industry in 2018.
 
The overall trend of the machine tool industry in 2017 showed a steady recovery trend
 
    According to data from the National Bureau of Statistics, my country's machine tool industry has experienced a five-year decline in 2011 after the main business income of the gold-cut machine tool business reached a record high, but the decline has narrowed year by year in recent years. In 2017, the main income of the metal cutting machine tool is expected to stop falling and stabilize; the forming machine tool reached a historical high in 2014, a brief decline in 2015, and then quickly resumed growth; after the tool reached a high in 2013, there has been a three-year decline, By 2017 revenues have increased. The overall trend of the industry showed a steady recovery trend. 
   And from January to November 2017, China's machine tool industry achieved a main business income of 921.37 billion yuan, a year-on-year increase of 6.7%. Among the main product categories, the main business income of Jinqie Machine Tool was 137.4 billion yuan, a decrease of 1.3% year-on-year; forming machine tools were 88.5 billion yuan, an increase of 11.6% year-on-year; tools and gauges were 108.6 billion yuan, an increase of 13% year-on-year; Machine tool accessories were 52.9 billion yuan, a year-on-year increase of 6.9%. The industry situation shows a trend of steady progress and steady improvement.
 
   Relevant experts pointed out that in view of the development trend in 2017, my country's machine tool output in 2018 will be flat or slightly increased from 2017, and it is expected that China's machine tool industry will achieve moderate growth in 2018.
 
However, from the order situation, from January to November 2017, China's import of gold-cutting machine tools was US$6.5 billion, an increase of 16.8% year-on-year; imports of forming machine tools were US$1.39 billion, an increase of 9.4%; tool imports were US$1.44 billion, an increase of 18.9%; and In terms of high-end machine tools, the number of machine tool orders for Japan for the whole year of 2017 increased by 31.6% year-on-year to 16645.16 billion yen, a record high. It is expected that the import of machine tools will show a significant increase in 2018, and the demand for high-end machine tools will further increase.
 
  Overall, in 2018, my country's machine tool industry stopped falling and stabilized, and it will show a trend of stable operation at the bottom. In terms of high-end machine tools, the industry needs to strengthen independent innovation and reduce dependence on imports. And with the adjustment of my country's economic structure and the upgrade of demand structure, enterprises need to step up the pace of transformation and upgrading, consolidate the foundation, and seek development.

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