This reporter learned from the Hannover International Industrial Fair to note that China's machinery and equipment sales revenue in 2008 exceeded the first time in Germany. According to the German Federation of foreign machinery and equipment manufacturing industry announced that last year, China National Machinery and Equipment sales revenue reached 271 billion euros, more than Germany and the United States, the highest in the world.
Germany last year's sales revenue of machinery and equipment 233 billion euros, 231 billion euros for the United States, Japan for 186 billion euros, 108 billion euros in Italy. Globally, the world's machinery and equipment sales revenue in 2008 to 1.6 trillion euros, to 1.35 trillion euros the previous year. By the international financial crisis, the German federation of machinery and equipment manufacturing is expected to the world of marketing machinery and equipment this year than last year, revenue dropped by 10%.
Machinery and equipment manufacturing industry is the most difficult time in the first two months of this year. According to statistics, this year, Germany in February machinery orders in the manufacturing sector lost close to 50%. Since the mid-last year, the German machinery orders declining manufacturing sector, resulting in the production of a total shrinkage of 23%. However, the Federation of German machinery and equipment manufacturing industry that the Director-General of Hesse, from the beginning of this year in order to end the situation has been declining, in spite of this, he also believes that the production of machinery and equipment this year, Germany will be reduced by one fifth.
China National Machinery and Equipment sales revenues are more than Germany, the United States and other developed countries, it is still far from the power equipment manufacturing industry, because China is currently occupied by mainly low-end market. And high-end market, including some mid-market, continue to be Germany, occupied by the United States and other developed countries. China is a leading manufacturer of high-end machinery market is still a long way to go, including human resources and technology is the key to a breakthrough.