China Machine Tool Market Report 2014: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016
Affected by the factors such as the slowdown in macro-economic growth, the decelerated growth of fixed-assets investment, and rapid capacity expansion of downstream sectors in the early stage, China's machine tool industry has showed a significant decline since 2011. In 2012-2013, the output of metal working machine tools in China dropped by respectively 7.0% and 6.1%. This is particularly true of metal cutting machine tools, whose output fell by 7.3% and 8.9%, respectively.
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