The overall economic decline of China's machine tool industry in 2019 is as follows:

On the downside, the following explanations are based on operating income, orders, and import and export data: ①According to the statistics of enterprises above the designated size by the National Bureau of Statistics, the machine tool industry's cumulative operating revenue from January to November decreased by 0.6% year-on-year. Among them, the cumulative operating income of the metal cutting machine tool industry decreased by 14.0% year-on-year. The accumulated operating income of the metal forming machine tool industry decreased by 6.3% year-on-year. The cumulative operating income of the measuring and measuring instrument industry increased by 0.3% year-on-year.

② According to the statistics of the association's key affiliated companies from January to November 2019, new orders for metal processing machine tools fell by 30.4% year-on-year, and orders on hand fell by 21.9% year-on-year. Among them, the new orders for metal cutting machine tools fell 33.3% year-on-year, and the orders on hand fell 18.9% year-on-year; the new orders for metal forming machine tools fell 22.8% year-on-year, and the orders on hand fell 27.6% year-on-year.

③ According to the data provided by the Chinese Customs, the total import of the machine tool industry from January to November 2019 was US $ 12.21 billion, a year-on-year decrease of 20.7%. Among them, the total import of metal cutting machine tools was US $ 5.36 billion, a year-on-year decrease of 29.2%; the total import of metal forming machine tools was US $ 1.39 billion, a year-on-year decrease of 5.7%; the total import of tooling tools was US $ 1.66 billion, a year-on-year decrease of 6.3%. From January to November, the total export of the machine tool industry increased by 4.6% year-on-year.