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China launches new round of matchmaking events to help upgrade machine tool manufacturers

China

China

China

China launches new round of matchmaking events to help upgrade machine tool manufacturers

2025-07-24 16:22 Last Updated At:22:47

China launched a new round of its "Industrial Machine Tools Plus" campaign in Wuhan, Hubei Province, on Wednesday, aiming to boost synergy between machine tool manufacturers and downstream users.

Initiated by the Ministry of Industry and Information Technology (MIIT), the campaign is scheduled to run from mid-2024 through the end of 2027.

This year, the event brings together over 140 key domestic machine tool manufacturers, showcasing more than 200 innovative products.

MIIT officials said that industrial machine tools are a pillar of industrial security. As the country advances emerging sectors like humanoid robotics and low-altitude economy, demand is growing for smarter, more versatile, and high-end machine tools.

"Since last year, this campaign has helped China's industrial machine tools evolve from being simply usable, to durable, and now to truly user-friendly. More than 20 matchmaking events have been held nationwide, successfully linking suppliers with manufacturers and injecting fresh momentum into high-quality development," said Qu Guochun, director of the Equipment Industry Development Center under the MIIT.

China launches new round of matchmaking events to help upgrade machine tool manufacturers

China launches new round of matchmaking events to help upgrade machine tool manufacturers

Chinese stocks closed lower on Tuesday, with the benchmark Shanghai Composite Index down 0.85 percent to 4,049.91 points.

The Shenzhen Component Index closed 1.87 percent lower at 14,039.73 points.

The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, lost 2.29 percent to close at 3,280.06 points.

The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares close lower Tuesday

Chinese shares close lower Tuesday

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