China Drying Newsletter During the global financial crisis, China strode forward ahead of Germany and became the new largest manufacturing machine manufacturer. According to data from the German Federation of Machinery and Equipment Manufacturers, global machinery manufacturing sales were 1.58 trillion euros last year, an overall increase of 3%. Among them, China's machinery manufacturing industry's sales have increased by an alarming 30% to a total of 271 billion euros. China’s share in the world market also reached 17.2%. Although German machinery manufacturing industry sales also increased by 8% last year to a total of 233 billion euros, its world market share has dropped to 14.7%. The "crime-hit area" of the financial crisis - the US machinery manufacturing industry suffered a great deal, with sales of nearly 230 billion euros, a drop of 10%, and a world share of 14.6%. Since then, the world market share has been ranked 11.8% in Japan and 6.8% in Italy.
This is a “major blow to the German machinery manufacturing industry in the Far East from the financial crisis,†and shows that Germany’s five-year mechanical manufacturing boom is declining. And Hans Hesse, Director-General of the German Federation of Machinery and Equipment Manufacturers, said that in 2009 Germany's machinery manufacturing output may face a 10% to 20% decline, and this downward trend is expected to end in the middle of this year. . In the current tight market environment, the screw machinery and equipment manufacturing industry must also seize the market opportunities at this time, and strive to make greater contributions to consolidate China's current position in the field of machinery manufacturing.
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