In 2013, the manufacturing sector faced challenges in recovering due to overcapacity, making it difficult for investment to pick up. Infrastructure development became the key driver of steady economic growth. While exports were expected to improve compared to 2012, they were unlikely to return to high-speed growth. China's foreign trade entered a challenging adjustment phase, with low-speed but stable growth becoming the norm. On the consumption side, income distribution reforms had a slow impact on consumer spending, and short-term results remained elusive. Consumption would act as a stabilizer for the economy, but it was not expected to lead a significant recovery.
Overseas capital markets experienced continued declines, which severely affected investor confidence and led to a withdrawal of funds from the market. This trend also impacted Chinese companies that had listed abroad, resulting in heavy losses. Only 24 companies managed to list on four overseas exchanges, raising a total of $2.981 billion, which marked a significant drop compared to previous periods.
From January to May 2013, mainland China and Hong Kong remained Taiwan’s largest export market for machine tools, with a value of $478 million, down 18% year-on-year, yet still accounting for over 33% of total exports. The United States was the second-largest market, with $168 million in exports, a decrease of 18.3%. Thailand followed, with $103 million in exports, a decline of 3.8%. Overall, Taiwan’s machine tool exports fell by 18.3% year-on-year, totaling $1.416 billion. However, there was a slight improvement in May, with exports reaching $320 million, up 1.1% from the previous month, indicating a gradual stabilization.
According to China’s National Bureau of Statistics, the output of metal cutting machine tools in the first half of 2013 dropped by 12.4% year-on-year to 360,000 units. It was estimated that annual output would be less than 700,000 units, about 100,000 fewer than in 2012. In June alone, output stood at 67,000 units, a 6.9% decrease compared to the same period the previous year.
In Japan, the eight major machine tool manufacturers reported a total of 219.43 billion yen in orders during the first half of 2013, a 17.1% decline year-on-year. Companies like Mori Seiki, Okuma, Makino, and others saw reduced demand, driven by slower Chinese economic growth, declining smartphone production, and reduced demand following the floods in Thailand.
The Japan Machine Tool Industry Association reported that machine tool orders in June 2013 reached 95.179 billion yen, down 12.4% year-on-year, marking the 14th consecutive month of decline. Domestic orders fell by 7.9%, while overseas orders dropped by 14.5%. Among the top eight manufacturers, only Mori Seiki showed an increase, while the rest experienced a downward trend.
Room Thermometer And Hygrometer,Gift Thermometer And Hygrometer,Indoor Thermometer And Hygrometer,Household Thermometer And Hygrometer
Yuyao Gongyi Meter Co.,Ltd. , https://www.yycj.com