Recently, Gerhard Hein, head of the Economic and Statistical Division of the German Machine Tool Manufacturers Association, said in an interview that China's economic development has provided many development opportunities for German machine tool manufacturers. Although China's minimum wage has risen, Hein said that investment in China is not entirely due to low-cost reasons, but more to market performance and the implementation of regional project strategies. The industrial orders and projects produced by the German machine tool industry in China are mainly concentrated in Beijing. The automotive and auto parts industries are the main production areas of Shanghai and Nanjing. The machine tools and mold manufacturing are mainly concentrated in Guangdong Province. Other investment determinants include the customer structure and whether the industrial park provides favorable investment measures. In order to better serve member companies investing in China, the German Machinery and Equipment Manufacturers Association/Machine Tool Manufacturers Association has offices in Beijing and Shanghai. At present, 60 German member companies are engaged in the production of machine tools, processing systems, and metal processing laser technology in China. Component suppliers are involved in operations, services, procurement, and increased service in the production and assembly process. In 2010, machine tools produced in China accounted for about 8% of German machine tool manufacturers' overseas production, and the number of employees accounted for 12% of overseas personnel. The number of German companies currently setting up factories in China has increased significantly, especially in local production. Hein believes that China is the winner of the world crisis and has made great contributions to the transfer of machine tool consumption to Asia. It is estimated that China's machine tool consumption will reach 45% of the global total in 2015. In 2010, the world machine tool world consumption value was 45 billion euros. Among the top five consumer countries, China was 15.9 billion euros, a growth rate of 47%, compared with only 6% in 2009, accounting for 35.3% of global machine tool consumption.
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