Recently, the meeting of 2011 finance and statistic information from branch of Chinese machine tool industry association has been held. The honorary of the branch shenzhuangxing delivered a speech with a subject that tool enterprises should forecast the challenge coming to face in the thriving development, reviewing the situation of economic operation in 2010 and the economic development data during the 11th five year period.

Chinese home-made cutters output was 290 billion Yuan in 2010, excepting the supply of domestic market, including export cutters 7 billion Yuan. Chinese tool consumption hit 33 billion Yuan ranking number one in global. This included home-made cutters 22 billion Yuan and import cutters 11 billion Yuan accounted 1/3 in Chinese cutters consumption. The speech posted that china has became the most potential and a large tool market in global , so the international tool conglomerate from Europe, America, Japan will have no exception in making China the priority choice to expand the tool promotion in the post crisis era. Chinese tool industry will run into a big opportunity, nevertheless the competition coming to face will be much stronger. Therefore, in this boom situation of rapid development, the enterprises of tool industry, especially the ones boning big burden and the key ones, should watch out the potential danger in the safe situation and follow closely by the development need of modern manufacturing. Started with the product structure adjustment, these enterprises determined to seriously transform the traditional develop structure of standard cutters and highly develop modern efficient cutters, rapidly improving the industrial concentration to open the new situation of the cutter industry.