Injection molding machine sales in China up 9% in 2009


A new report from the firm Research in China (Beijing, China) shows that, even though the global economic downturn in 2008 and 2009 impacted injection molding machine sales worldwide, including the Chinese import/export business, Chinese domestic demand resulted in 2009 IM sales 9% above 2008's level.

Some of that growth is due to 2008's level being below norms, but feeding the growth was demand from building materials, home appliaces, and electronics; the Chinese government adopted domestic demand expansion measures, economic development promotion, and industrial revitalization planning, among other measures, and value-added tax (VAT) reform encouraged investment by business enterprises.

This report summarizes global IM machine markets based on the Chinese market, prioritizing production, sales, import/export, competition and market shares. Also, it probes deeply...
Read more