China is the world's largest machine tool producer and consumer

From a worldwide perspective, China, the United States, Germany, Japan and Italy are the main countries/regions for machine tool production and consumption. Among them, Germany, Japan machine tool industry with strong technology accumulation and market competitiveness of the net export scale is large, China, the United States for the net import of machine tools. China is the center of global manufacturing, with the rapid development of China's economy and the increase of fixed asset investment, China's machine tool market has broad prospects for development.