Affected by the “Belt and Road”, China's machine tool market demand has picked up

Affected by the government's “One Belt, One Road” and “tax reduction and fee reduction” policies, China's machine tool market, which has been in the bottom for a long time, has begun to show signs of stabilization and recovery, and has rekindled the enthusiasm and hope of machine tool practitioners. .

In addition to the increase in production plans of DMG Mori Seiki in China in 2019 compared to last year, orders for Yamazaki Mazak (MAZAK), which was significantly reduced at the end of the previous year, have also resumed. Sodick's market demand in South China, such as Guangzhou, has grown significantly.

Since the beginning of last year, the Chinese government has implemented the “tax reduction and fee reduction” policy. Sodick’s orders from January to March of 19 years have increased significantly. Especially in South China, the overall situation has remained good. IATA Director of AMADA HOLDINGS (HD) said: "Although the sales plan for the 19th year of the Chinese market is lower than that of the previous year, it is still steadily completing the plan, especially at the exhibition in March this year. It has reached 1.5 times last year and the market demand has grown significantly."

China International Machine Tool Show (CIMT) held in Beijing

The basic VAT rate is reduced from the current 16% to 13%. For the manufacturing industry, this is definitely good news. Yamazaki Masaki of MAZAK said: "This policy has greatly improved the market equipment. Investment enthusiasm.” The good news from Yamazaki Mazak’s agents also justifies this inference. OKUMA also expressed the hope that the opportunity to reduce the tax rate will improve the previous downturn.

In addition, driven by the “Belt and Road” policy, the demand for large processing machines related to infrastructure has increased significantly. President Morihiko of DMG Mori Seiki said to the development trend of China's machine tool industry: "Everything is developing in a good direction." DMG Mori Seiki began production of large-scale machine tools for construction machinery and railway transportation in October from the Tianjin plant in the suburbs of Beijing. The plant is scheduled to begin selling during the year and is expected to produce around 350 units a year, an increase of 5% from the previous year.

Mitsui Heavy Industries' machine tool business president Iwasaki Kaiichiro said: "Now, Chinese automakers attach great importance to gear grinding machines that improve the quietness of cars." The Chinese market is increasingly demanding high-quality, high-performance machine tools. OKUMA's Huamu Yimao also said: "The potential of the Chinese market is very huge." Although some other industries have gradually narrowed their market in China and want to retreat. However, as far as the machine tool industry is concerned, there is still huge market potential and development prospects.