From January to December in 2016, China has produced 85756 CNC machine tools with a total increase of 32.78% comparing with the same period in 2005. From January to December in 2007, China produced 123257 CNC machine tools, 32.57% increased comparing with the same period in 2006. From January to October in 2008, China produced 105780 CNC machine tools in total, up 2.96% compared to 2007.
Due to the key role of the machine tool industry in the defense industry and manufacturing competitiveness, Chinese government has raised the machine tool industry to a strategic position and listed to develop in large scale, precision and high-speed CNC equipment and functional components were listed as one of the national important revitalization goals. With the succession of a series of supportive policies, the machine tool industry in China is expected to continue its rapid growth trend in the next few years, to achieve a qualitative breakthrough in technological capabilities, to form international competitiveness in the field of high-end machine tools, and to manufacture several world-class machine tool enterprises. On the whole, the long-term development trend of China's machine tool market will remain relatively strong. China's machine tool industry will enter a strategic opportunity of development in the coming years.