Tai Shi Te Bearing Co., Ltd , http://www.jnballBearing.com
In recent years, the Asian machinery production value has continued to grow steadily. In 2005, Asia has become the world’s second largest machinery manufacturing region, accounting for one-third of the world’s machinery output value. On the Other hand, as an important part of machinery manufacturing, with the rapid growth of social fixed asset investment in recent years, China's equipment manufacturing industry has a structural excess capacity. The biggest problem in the equipment manufacturing industry is that the industrial structure is irrational, major equipment needs to be imported, and there is a large surplus of general machinery products. Most of the excess production capacity is in the general equipment manufacturing industry that is labor-intensive and has low technology added value. However, advanced equipment still needs to be imported, and the market is still very large.
China becomes the fourth largest machinery producer in the world
According to the latest statistics from the German Machinery and Equipment Manufacturers Association, China’s machinery output value reached 110 billion euros in 2005, an increase of 25%, becoming the world after the United States (250 billion euros), Japan (177 billion euros) and Germany (165 billion euros). The fourth largest mechanical producer.