Machinery / Industrial Parts & Tools

China Machine Tool Industry Association recently announced the economic operation of my country's machine tool industry from January to April. The data shows that from January to April, the total import of machine tools was 4.21 billion US dollars, a year-on-year decrease of 6.5%; the total export value was 6.33 billion US dollars, a year-on-year increase of 13.0%. China's machine tool exports continued to maintain a significant growth.

Judging from the data from January to April this year, the operating income of key contact enterprises increased by 4.2% year-on-year, down 4.2 percentage points from January to March. The total profit of key contact enterprises increased by 42.3% year-on-year, down 37.2 percentage points from January to March. On-hand orders for metal processing machine tools increased by 3.5% year-on-year, down 3.5 percentage points from January to March.

The analysis of the China Machine Tool Industry Association pointed out that the main economic indicators of the association focused on contacting enterprises from January to April and the month of April fell, mainly due to the accidental factors of the epidemic, and the fundamentals of the domestic economy were stable and improving. The epidemic situation in Shanghai and Beijing has improved recently, and social production and life are recovering in an orderly manner. Recently, the State Council has successively launched various policies and measures to stimulate economic growth. It is foreseeable that China's machine tool industry will gradually return to the normal growth track with the recovery of the entire social and economic operation.