According to a report by Japan’s Kyodo News on January 23, Japan’s domestic machine tool makers’ orders for China, Japan’s Machine Tool Industry Association President Imura Yuki (Director of Toshiba Machinery) said on the 23rd that “the near-bottom will continue†It is expected that under the influence of Sino-US trade frictions, the trend of Chinese enterprises to suspend equipment investment will be long-term. The above speech was made by Imura at a regular press conference held in Tokyo.
According to the report, orders from China in 2018 decreased by 17.9% from the previous year to 285 billion yen (about RMB 17.7 billion). From a single month, it has been down for 10 consecutive months in December. The prospect of Imura’s average monthly receipts for 2019 said that “there may be only 12 to 13 billion yen in the whole year†and it is expected to decrease compared with the recent actual results.
According to the report, the total number of orders received by Japanese domestic manufacturers in 2018 increased by 10.3% from the previous year to reach a record high of 1.8157 trillion yen (determined value). Japan's domestic economy grew by 19.2% in the context of a moderate economic recovery, and the expansion of overseas business to the US made up for China's decline, an increase of 4.8%.
According to the "Nihon Keizai Shimbun" report, Ichimura said at a press conference in Tokyo last December that there are many reasons for the reduction in China's demand for orders, including China's "prevention of oversupply production adjustment, semiconductor boom, and smartphone demand." The downturn and the Sino-US trade frictions have intensified the wait-and-see attitude of investment."
As for how long the downturn will last, the Vice President of the Japan Machine Tool Industry Association, Mr. Inaba (President of Fanuc), predicts that the market in mainland China will be “small for half a year, long for one to two years, and the time span is largeâ€. Imura also said that China’s willingness to invest still exists and has not been seriously weakened. He believes that "the last stagnation lasted for about 1 year and 2 months. This deceleration will continue for a while."
Fireproof Glass,Tempered Fireproof Door,Fireproof Glass Windows,Fireproof Interior Door
Huaian Hongrui Glass Co.,Ltd , https://www.hongruiglass.com