China is world's largest producer of machine tools | Gardner

[TaiShang]

[Thank you to Martian 2 for the original post]

 

[Shotgunner51]

China has much bigger and more complete industrial base than any other countries, so naturally it includes upstream like machine tool production, and its consumption by other downstream industries.

In sub-categories like high-precision tools, and CNC, China still has to catch up with top-class advanced countries like Japan, Germany & South Korea.

 

[AndrewJin]

工具机？

 

[Place Of Space]

工具机？

That sucks, especially high-grade CNC machines, we still the biggest importer.

 

[CHN Bamboo]

It is said that China imported a lot...

 

[kbd-raaf]

Every single tool I have in my shed are mad in China. Machine or otherwise.

 

[Shotgunner51]

工具机？

机床; 工作母机

 

[Echo_419]

[Thank you to Martian 2 for the original post]

Mother of god we are really behind even Turkey is ahead of us

 

[Place Of Space]

Mother of god we are really behind even Turkey is ahead of us

India's service and medicine is very advanced, last month Modi visited China, we had made agreement of importing more service and medicine products from Indian company.

 

[Shotgunner51]

It is said that China imported a lot...

Yes.

Even if you assume China didn't export anything produced in 2014, the consumption-production gap was ~$8 billions, that's like TOTAL of all US consumption!

As I have mentioned in the other posts, Japan, South Korea, Germany & Taiwan are deeply integrated with China's industrial base, they are well positioned in the upstream as suppliers of machine tools (and/or components). To be exact, machine tools are capital goods, an investment, an asset (booked as depreciation on P&L), for production not consumption.

For a lot of finished consumer goods made in China (and thus counted as China's output), a lot of values are added along the value/supply chain in Japan, South Korea, Germany & Taiwan. That's why while it's important to measure industrial output, it's also important to measure industrial value added.

 

[Echo_419]

India's service and medicine is very advanced, last month Modi visited China, we had made agreement of importing more service and medicine products from Indian company.

Still it does not justifies us being behind Turkey (no offense to any turks)good news is with our new govt we will be in top 10 in a couple of years

 

[j20blackdragon]

Is it any surprise that the world's largest manufacturer is also the world's largest consumer and producer of machine tools?

Manufacturing, value added (current US$) | Data | Table

China is very much like early 1941 USA just before the attack on Pearl Harbor. You all know what happened after the Japanese foolishly attacked right?

 

[AndrewJin]

@LeveragedBuyout again manufacturing

 

[LeveragedBuyout]

@LeveragedBuyout again manufacturing

Congratulations to China, but perhaps it would be interesting to see a new angle or analysis on this old story, like how this ties into Chinese investments in Africa, or how the AIIB push will create export markets for this surplus supply, etc.

 

[AndrewJin]

Congratulations to China, but perhaps it would be interesting to see a new angle or analysis on this old story, like how this ties into Chinese investments in Africa, or how the AIIB push will create export markets for this surplus supply, etc.

I spiritually support you on that...Not my major