The output value of China's machine tool industry will reach 200 billion yuan in 2007

According to the prediction of the machine tool industry in 2007, the output value of the machine tool industry in China will continue to reach 100 million yuan due to the rapid development of the machine tool industry. In recent years, with the rapid development of China's national economy, the demand for machine tool products continues to expand. From 2001 to 2006, China's machine tool consumption increased by 22.8% annually, and the industrial scale continued to expand. In 2006, the total industrial output value of the whole industry reached 165.6 billion yuan, with a year-on-year increase of 27.1%; the output value of machine tools was 7.06 billion US dollars, and the output of CNC metal cutting machine tools reached 86000 units. From January to August 2007, 4040 enterprises in China's machine tool and tool industry achieved a total industrial output value of 167.03 billion yuan, a year-on-year increase of 33.3%, and a sales revenue of 160.18 billion yuan, an increase of 34.7%.