In 2010, China’s tool consumption was 33 billion yuan, ranking first in the world.

Recently, the 2011 Annual Financial and Statistical Information Work Conference of the Tooling Industry Association of China Machine Tool Industry Association was held. The Honorary Chairman of the Tool Branch, Shen Zhuangxing, gave a keynote speech on the topic “Tools Enterprises Should See the Challenges Facing the Development of Good Times”, and reported on the economic operation of China's tool industry in 2010 and the economy of the tool industry during the “Eleventh Five-Year Plan” period. Develop data.

In 2010, the total amount of domestically produced tools in China was 29 billion yuan. In addition to supplying the domestic market, the export tool was 7 billion yuan. In 2010, China's tool consumption reached 33 billion yuan, ranking first in the world. Among them, domestically produced knives are 22 billion yuan, imported knives are 11 billion yuan, and imported knives account for 1/3 of China's tool consumption. The report pointed out that China has become the world's most promising tool market. Europe, the United States, Japan and other multinational tool groups in the post-crisis era of development strategies, without exception, have expanded the sales of tools in China as the first choice. The future development opportunities of China's tool industry are huge, but the competition will be more intense. Therefore, in the current high-speed development, enterprises in the tool industry, especially key enterprises in key industries, must be prepared for danger in times of peace, closely following the development needs of China's modern manufacturing industry, starting from adjusting the product structure, and determined to seriously change the development pattern of traditional standard tools. Vigorously develop modern and efficient cutting tools, and greatly improve the industrial concentration of China's tool industry. Only in this way can we open up a new situation in the development of the industry.

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