On the import side, taking the first half of 2012 as an example, the total amount of China's machine tools imported from Japan and Germany has exceeded 60%. From the perspective of imported models, the demand for precision production, high-efficiency and high-speed medium and high-end CNC machine tools has increased significantly. It has shown that the demand structure of China's machine tools has undergone major changes. Experts said that in the next five years, the compound growth rate of China's machine tool industry will be about 25-30%, among which medium and high-end machine tools will become the main force for growth.
The country has raised the development of the machine tool industry to an unprecedented strategic level and has given strong support in terms of policy. This can be clearly seen from national industrial planning to fiscal and tax incentives. Despite the current downturn in the entire machinery industry in China, the machine tool industry may be facing an excellent opportunity for industrial upgrading.
In the newly promulgated national "Twelfth Five-Year Plan", it is clearly proposed that the high-end equipment manufacturing industry will focus on the development of information, automation, and intelligence. This is obviously inseparable from the strong support of the precision machine tool industry.
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