Featured Image

International News From the Field: China

The ending of China's pandemic restrictions has been beneficial for its economy. This was reflected in the number of attendees at the China International Machine Tool show in Beijing. For more industry intel and other tidbits, read on.
Apr 21, 2023

After ending three years of strict pandemic restrictions, China saw its economy shake off the lingering effects of COVID and grow 4.5% in the first quarter of 2023, beating economists’ growth estimates as consumers went on a spending spree. The country’s rapid, smooth transition from severe restrictions to a significant relaxation has allowed production demand to stabilize and rebound, and market expectations have improved. China’s manufacturing PMI grew to 51.9 in March 2023, a 4.85% increase in the year-over-year comparison, but 1.33% below February’s 52.6.  

The China International Machine Tool (CIMT) 2023 show held in April attracted 154,957 visitors, according to CMTBA’s report, an increase of 26.98% compared to CIMT 2021 and an 11.42% increase compared to CIMT 2019. The numbers recorded stood at an all-time high, showing strong demand for manufacturing technologies and a sustainable economic recovery.  

AMT’s presence once again proved instrumental for member companies interested in accessing China’s market. The USA Pavilion featured 29 exhibitors and showcased a wide range of products. Some highlights of the USA Pavilion: 

  • Digital technologies were showcased under the slogan “Digital Technologies, Accelerating Global Manufacturing.”  

  • MTConnect Demo. A virtual facility for digital manufacturing displayed dashboards and data collected from machines made by five member companies (Hardinge, Hurco, Kennametal, Omega, and Sunnen) operating in different locations. The application showcase reinforced the relevance of MTConnect as a vital instrument for digital manufacturing, and many leads were generated during the show.  

 USA Pavilion exhibitors were pleased with the attendance and quality of visitors and reported making valuable sales leads, reinforcing the message that China’s market is back.  

Some recently announced projects and investment news items are listed below:  

  • Johnson and Johnson (Suzhou) Medical Equipment Co. will invest $138.94 million to expand their production capacity for orthopaedical products. 

  • Shanghai Hurricane Compressor Co., Ltd. will invest $250 million to produce compressors. The annual output is around 100,000 units. 

  • Fuwei Auto Parts Co., one of the subsidiaries of FAW, will invest $77 million to make automotive parts for Audi EVs. 

  • Wanshsin Seikou (Hunan) Co. will invest $58 million to make high-precision gear motors. Plans are to expand production capacity to 500,000 units a year. 

  • Hubei Ji Heng Chuang Technology Development Co. will invest $64 million to build production lines, including 25 sets of machines for making automotive parts.  

  • BYD (Fuzhou) Industrial Co. in Jiangxi will invest $429 million to produce automotive parts for new EVs. 

  • Fujian Fran Optics Co. will invest $35 million to manufacture automotive optical components, with an annual output of 4.5 million parts. 

For more information, please contact Fred Qian at fredqian@AMTchina.org.

Fred Qian
General Manager - Shanghai Technology and Service Center of AMT
Recent international News
China has good reason to celebrate the Year of the Dragon after a record-breaking 2023 for automotive production. Continued growth is expected, and demand for imported machine tools is increasing. For more industry intel and other tidbits, read on.
Are there still manufacturing opportunities in China? The world’s second-largest economy faces setbacks from the pandemic, uncertainty in real estate, and weakened global demand for its exports. For more industry intel and other tidbits, read on.
Foreign investment use in China shrank in 2023, but new measures are aimed at its increase. With stimulus and confrontations with structural slowdowns, is the economic recovery finally gaining traction? For more industry intel and other tidbits, read on.
Has the Chinese economy finally bottomed out? Are signs of stabilization an indication of a turnaround? Are there still opportunities in the automotive industry? For more industry intel and other tidbits, read on.
Despite early signs of recovery and expansion in various sectors, including robotics, China is experiencing some headwinds. How serious is the country’s economic slowdown? What comes next? For more industry intel and other tidbits, read on.
Similar News
By Arun Mahajan | Feb 20, 2024

India, the world's fastest-growing economy, boasts a new monthly record for domestic vehicle sales. Government and private sector investment in infrastructure will reach $1.72 trillion by 2030. For more industry intel and other tidbits, read on.

5 min
By Conchi Aranguren | Feb 13, 2024

European industrial manufacturing grows despite energy costs and material shortages. ContiTech chases carbon neutrality. The first major generative AI factory is coming. BMW's headquarters goes full EV. For more industry intel and other tidbits, read on.

5 min
By Bonnie Gurney | Feb 08, 2024

At IMTS 2024, discover unexpected solutions, including haptic feedback to improve remote robot operation and digital training, quality control software, additive manufacturing powders and gases, services to address labor issues via an app, and more.

5 min