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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

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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