2020/12/23Analysis Of The Current Situation And Development Trend Of China'S Cutting Tool Industry Market In 2020. The Degree Of Localization Is Expected To Improve
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In 2019, due to the intensified Sino-US trade frictions and the continued decline in downstream industries such as automobiles, my country's tool consumption declined. After 2012, the proportion of my country's total tool consumption to the annual total machine tool consumption showed an upward growth trend, reaching 25% in 2019, indicating that my country's tool consumption is improving and upgrading, but it is still far lower than that of developed countries.
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