At the ongoing 5th China CNC Machine Tool Fair (CCMT 2008) it was announced that in 2007, China's annual output of CNC metal-cutting machine tools reached 123,000 units – three years ahead of the production goal to manufacture 10,000 annually set by the "11th Five-year Plan." This makes China the largest annual producer of CNC machine tools in the world.
According to the China Machine Tool & Tool Builders' Association (CMTBA), from 2001 to 2007, China has manufactured a total of 2,740,000 metal-cutting machine tools, 400,000 of which are CNC metal-cutting machine tools. The output during the last seven years is four times more than that made during the 15 years prior to the year 2000.
The market share for China-made CNC machine tools has risen to 48% in 2007 from the 21% in 2000. The year 2007 was the year CNC machine tools' market share grew the fastest.
By People's Daily Online
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