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Chinese Machinery Enterprises May Surpass the World Industrial Leader

Germany is a strong leader in the mining machinery industry all over the world as well as the role model for the Chinese machinery enterprises. In the past few years, the German machinery industry faced serious impact from the global economic crisis and decreasing market demand and experienced quite a long and tough period. As for China, the domestic machinery companies have not bad luck and they are gradually swallowing the global market for the mining machines, instead of the past Germany.

It’s reported that the machine tool building works as the key role to support Germany’s industry and exporting industry. The latest figure shows that the blanket order of the German machine tools goes down by 3%, the domestic order down by 4% and the exporting order reduces by 4% as well. It’s quite clear that Germany’s machinery industry will continue to bear much pressure just like now.

On the contrary, the ear for China’s machinery prosperity has come and Chinese machinery manufacturers are the supporting power for the current international machinery market. We will turn to be a strong competitor to the German companies. The Chinese machinery manufacturers are very active to take part in the international market in modern times. Our market share has increased from 15% in the year of 2008 to 30% this year. Of course, we should not ignore the positive effect the large scale of domestic market has made on today’s fast increasing machinery market share. We also export products to those countries who don’t have the ability to make mining machines.