China 's economy is experiencing a turning point changes, bid farewell to the era of double-digit growth of about 8 per cent of GDP in the future growth rate may become the norm , in 2013 the growth rate may become the norm , in 2013 has not been sustained and rapid growth before situation, while continuing to maintain the downward trend of 22 consecutive months , including the case of weak growth , strategic tool industry must adjust , adapt to the new environment for development. How can sustainable development ? Talking point of reference .

   According to Kay India Broach noted that the current high-speed , high efficiency, the use of a wide range of precision tools is not enough , seriously hampered the country 's economic development and the manufacture of power shift . With the continuing sharp rise in prices of raw materials and labor costs , over the next five - 10 years , China's rapid , efficient and accurate tool has huge space for development , it is necessary for the long-term in-depth discussion of advanced manufacturing processes and tool technology to China's manufacturing industry to improve production efficiency , accuracy and value-added products .

With the improvement of the level of modern technology , equipment replacement faster and faster, the current replacement rate of up to 10-15 years to replace generation. To recover the cost of investment in equipment in such a short period of time and make a profit , you must fully tap the potential of the tool. According to the data analysis: the tool costs account for 2.4 to 4% of the manufacturing cost , but it directly affects the manufacturing costs accounted for 20% of the machine cost and 38 % of the labor costs.

Tool as an important part of the equipment manufacturing industry and cutting important tool determines the processing efficiency of parts manufacturing , precision, quality. From 2012 , China began after the tool industry has experienced 10 consecutive years of rapid development, sales situation worsened, and entered a state of the market downturn seen for many years , into 2013 , the overall situation in the domestic market has yet to see the tool significantly improved .

According to Kay India Broach understand , there is an algorithm that is put into the machine and tool ratio of 9:1 to 7:3 , as long as the investment tool in place , cutting speed and feed speed is increased by 15 to 20 percent per can reduce manufacturing costs of 10 to 15 %. Data on the economic analysis of machining said: Because the tool costs in parts manufacturing costs in the proportion of only 3% to 5% of the purchase price if the tool is reduced by 30% , saving companies only 1% cost of parts ; If you purchase a good tool , the tool life expectancy by 50% , companies are only 1% of the component cost savings ; However, if the purchase of a high performance tool to improve the cutting ability , improve processing efficiency ( assuming a 20% increase ) , then you can save 15 % of the parts cost.

" Twelfth Five-Year " period , China's machine tool industry to accelerate development and achieve the important opportunity to grow stronger . China Metal Cutting Machine Tool Technology Industry Association Hao Ming said at the meeting , Chinese industries and enterprises and the urgent need for specialists in advanced manufacturing processes and tool technology, painstaking research, digestion , and absorption of foreign advanced technology , combined with China 's national conditions and then innovation. Participants said they would vigorously develop efficient production of advanced tools , pay attention to sales , while more attention to after-sales service , innovative efforts to end tool market forward.