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At this exhibition, the most striking thing is that the German Machine Tool Manufacturers Association, a machine tool manufacturing powerhouse, organized 140 companies to participate in the exhibition, becoming the largest overseas exhibiting group at this exhibition. The largest one, the exhibition area is 6,800 square meters, which is also the highest in history. Dr. Schäfer, executive director of the German Machine Tool Manufacturers Association (VDW), said: "This year the German pavilion has doubled the exhibition area compared to the previous exhibition, which shows the importance of the Chinese market to German industry."
In an interview with reporters, Dr. Schaefer said that both China and Germany face enormous challenges this year. In addition to other measures, the two countries need to compensate for losses in exports by stimulating domestic demand. For China, this means further improving product quality and improving its competitiveness in the future domestic and international markets.
According to reports, German machine tool manufacturers are the third largest supplier in the Chinese market, accounting for 16% of the market. On the other hand, China is the most important sales market for German manufacturers. In the past five years, Germany’s machine tool exports to China have increased by 35%, and recently it has exceeded 1 billion euros. At the same time, Germany has also provided various technologies to the Chinese market. At present, many German companies have set up offices and service centers in China and even have their own production facilities. These companies not only provide mechanical products to the Chinese market, but also provide various services and support.
Dr. Schaefer said with confidence: “Although the machine tool production is expected to drop by 15% in 2009, we are well prepared.†According to reports, German machine tool production increased by 13% in 2008, far higher than the global average. The level of growth, and with nearly 23% of the export share, once again consolidated its leading position in the international market, with a clear advantage ahead of the most powerful competitors Japan and Italy.
While the global financial crisis is still continuing, the 11th China International Machine Tool Show (CIMT 2009) will be held at the Beijing New International Exhibition Center from April 6th to 11th.