According to analysis by industry insiders, there are mainly three main reasons for the significant growth of imported machine tools in Shaoxing this year. First, the shortage of labor forces companies to increase automation. Second, the continued appreciation of the renminbi will help reduce the cost of purchasing imported equipment and the country’s support for importing electromechanical products. The third and the most important reason is that companies improve product quality, increase product quality, expand production scale, and reduce production costs.
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