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"Yang" machine tools flooded into China's imports last year, an increase of 40.6%
The reporter was informed at the press conference of the Machine Tool Association on the 22nd that the import value of machine tool products in 2011 was 13.24 billion US dollars, a year-on-year increase of 40.6%, a record high. According to the analysis of import data of the association, the amount of metal processing machine tools imported from Japan and Germany in 2011 increased by 50.3% and 40% respectively compared with the previous year, mainly based on the import of high-end products. In addition, mid-range machine tools are also flooding in. The amount of processing centers imported from Taiwan and South Korea by China is 23.7% and 24.3% higher than last year. In comparison, a considerable part of China's exports are low-end products and raw material exports. The basic pattern of key components still relying on foreign imports has improved but has not changed fundamentally.