China's Machine Tool Industry Operating Situation to Good Import and Export Gradually Stabilize

China Machine Tool Industry Association released on the 17th in the first half of 2020 machine tool industry economic performance analysis: the first half of the new crown pneumonia epidemic caused serious impact on the machine tool industry, January-February the main economic indicators fell sharply; From January to June, China's machine tool industry completed a total operating income of RMB294.66 billion, down 7.6% YoY. Since the beginning of this year, the year-on-year decline in the cumulative monthly completion of operating income narrowed significantly month by month, and the year-on-year change was more pronounced, with the year-on-year increase in operating income for the third consecutive month after April. In addition, the total realized profits of the machine tool industry in January-June amounted to 15.83 billion yuan, a decrease of 2.5% YoY, 10.3 percentage points less than the total profit of industrial enterprises above the national scale. The year-on-year decline in total profits accumulated in each month so far this year narrowed significantly month by month.