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China Market Insider China International Machine Tool Show 2021

Author / Editor: Henrik Bork* / Ahlam Rais

Recently, the CIMT (China International Machine Tool Show 2021) took place in Beijing, China. Right at the forefront: the European machine tool industry. These are the most important impressions of the fair.

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China Market Insider answers the current questions about the Chinese market.
China Market Insider answers the current questions about the Chinese market.
(Source: ©Eisenhans - stock.adobe.com)

This time, 870 Chinese and 633 international exhibitors presented their goods and services at the ‘China International Machine Tool Show.’ The trade show, which takes place every two years, has been one of the most important dates in the annual calendar for the European machine tool industry for years as China is now the world's second-largest export market for the industry. This year, when Corona is still slowing down the economy in many places and throwing a spanner in the works for trade fair organizers, its importance has increased once again.

He expects "significant growth" for his company in China in the coming years, Norbert Wiest, Managing Director of German Werkzeugmaschinen (SW) in China, told the Chinese editorial staff of MM Maschinenmarkt, a sister medium of ETMM, at the show. "The Chinese economy is currently the most stable economy on earth," Wiest said (see video at the end of this article)