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2020 China's cutting tool industry market status and development trend analysis of the degree of localization is expected to improve.

In 2019, China's tool consumption declined due to the increased trade conflict between China and the United States and the continued downward trend in downstream occupations such as cars. After 2012, the share of China's total annual consumption of cutting tools and total annual consumption of machine tools showed an upward trend, reaching 25% in 2019, indicating that China's east-west consumption is improving quality and upgrading, but it is still far lower than that of developed countries.

2020-12-19

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