China’s Machine Tool Market

Despite being influenced by the financial crisis of world economy in 2012 and its subsequent impact, China machine tool industry has witnessed an overall growth since 2011 due to government policies aiming to advance new technology and expand mechanical industries, resulting in a high demand and revenue for China machine tool market. According to Research, the market size of China machine tool industry by revenue and sales volume reached approximately CNY 284.1 billion and 1,797,100 units, respectively in 2016, demonstrating a CAGR of approximately 1.9% and 1.6% in terms of…

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