Or need to replace parts, so there is a strong demand for the machinery and equipment manufacturing industry. Opposite the Binjiang Base, the Optoelectronics and Electromechanical Trade Exhibition Center with a total investment of over 3 billion yuan has entered the stage of intense construction. As well as Japan and Taiwan import a large number of machine tools, China is a big machine tool consumer, and this consumption capacity even exceeds China's own machine tool production capacity.

The first phase of the project is expected to be put into use in October. According to Huang Zhehuai, director of the base office, the establishment of the market is more conducive to enhancing the agglomeration capacity of Nanan's machinery and equipment manufacturing industry. Especially in the high-end field, the impact of the subprime mortgage crisis in the United States this year on the global economy is obvious. If we analyze whether the impact exists from the perspective of domestic demand, the answer is yes.

This is not only because of the complete system of the local machinery and equipment manufacturing industry chain and complete craftsmanship, it will also make it more strengthened. Take bolts as an example, Nanan produces various bolts. It will also include some investment by American companies in China, but I think the Chinese economy as a whole will continue to grow steadily. We look forward to next year.

Regardless of whether it is a car or a machine, it has everything that other places in the province that develop the equipment manufacturing industry cannot do, Huang Zhehuai said. There will be considerable room for growth in China, and the worst estimate is that even if the Chinese machine tool market does shrink to a certain extent, it is bound to be much smaller than the European and American machine tool markets.