China market at a glance

Source：CIMES 2012 Release Date：2012-05-17 436

Metalworking

Railway- Boost a 30% in increase of demand for machine tools

China has 7531km high speed railway in operation, becoming the world’s No.1 railway construction country. By 2015, China’s railway mileage will reach more than 120,000 km of which up to 16,000km is high speed rail.

Automotive-Stimulating the development of the machine tool industry value by 40%

China’s automobile production is running 10% annual growth rate of development, which estimates the demand for cars in China.

Energy – New energy development is strongly supported by the government

Nuclear Energy

There are currently 9 nuclear power plants being built and 11 are under construction. It is estimated that by 2050, China will have 100 nuclear power plants in operation.

Wind Energy

China has already exceeded America and become the World’s No. 1 country with the highest new wind power installed capacity. The cumulative installed capacity reached 25.8 million kilowatts, ranking No.2 in the world.

Solar Energy

Chinese government is fully supportive and has issued a 1:1 ratio of incentive to provide subsidies for solar manufacturers.

Biomass Energy

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