China's Machine Tool Industry Is Gradually Recovering the Main Economy

From: China's high-tech industry guide.

Recently, China Machine Tool Industry Association released statistics show that the new crown pneumonia outbreak to the operation of the machine tool industry has an impact, in the first quarter of this year, China's machine tool industry's main economic indicators fell, but the January-March year-on-year decline than the year-on-year decline significantly narrowed, indicating that the industry is gradually recovering.

As of March 2020, China's machine tool industry annual operating income of more than 20 million yuan or more of the scale of enterprises a total of 5,562, compared with the end of last year, the number of enterprises decreased by 148.

Affected by the outbreak of new crown pneumonia, the import and export of machine tools in China in the first quarter of this year showed a sharp decrease year-on-year. From January to March, the total import and export volume of machine tools decreased by 16.0% YoY. Among them, imports fell 21.3% year-on-year and exports fell 10.6% year-on-year. Compared with January-February, the decline in imports and exports narrowed by 12.1 and 8.7 percentage points, respectively.

China Machine Tool Industry Association said that the first half of 2020 is expected to China's machine tool market demand is difficult to fundamentally improve, the industry's main economic indicators are still in the year-on-year downward zone. In the second half of the year, with the gradual effect of various policy measures, although the development trend of the industry has some improvement, but the second half of the industry operation may still show a downward trend, the decline is expected to narrow.