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China's mechanical equipment manufacturing and Germany distance is shrinking

According to the latest statistics released by the German machinery manufacturers association, the world's machinery and equipment output rose 10 per cent in real terms to 1100bn euros in 2004, thanks to strong global demand for investment goods.Europe, Asia and the americas dominate the world's machinery market.Among them, European machinery and equipment accounts for 430 billion euros.

In 2004, the output value of machinery and equipment in Asia was the fastest, with total output value of 335 billion euros, significantly higher than that of the americas (282 billion euros).But in terms of country output, the us is the world's largest producer of machinery and equipment, with an annual output of 240 billion euros, well ahead of Japan (18.5 billion) in second place.The gap between China and Germany (155bn), the world's fourth-largest machinery equipment maker, was further narrowed by 77 billion euros.But unlike European countries and Japan, American and Chinese mechanical equipment is mainly produced for the domestic market.


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