Since the second half of last year, the CNC machine tool industry has witnessed a resurgence of the world economy, with Iceland and Greece on the brink of bankruptcy, followed by the sovereign debt crisis that swept through Eurozone countries such as Portugal, Spain, and Italy, the March earthquake in Japan, and the frequent occurrence of "black swans" in the global capital market due to the United States' downgrade of its sovereign debt rating by Standard&Poor's due to poor economic prospects and massive debt. This series of events has added insult to injury to the already fragile world economy, with increasing uncertainties. Many economists, including the famous "doomsday doctor" Rubini, have even predicted that a second bottoming out of the world economy will be inevitable.

Of course, in the current situation where the global financial crisis has not completely passed and the uncertain factors of the world economic outlook are complex and changing, how to calmly respond to China's machine tool industry is a difficult problem facing us. Minister of Industry and Information Technology Miao Wei once pointed out in his speech at the 4th Executive Council Meeting of the 6th China Machine Tool and Tool Industry Association that China's machine tool industry should pay attention to three combinations. One combination is to combine with the national "12th Five Year Plan" and the structural adjustment plan of the industrial industry; The second combination should be combined with the development of strategic emerging industries; The third combination should be combined with the actual situation of the machine tool industry.