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Article Title: Demand for Machine Tools in China to Grow Over 14 Percent Annually Through 2014
Publication: Canadian Industrial Equipment News, 8/26/2011
Freedonia Study: Machine Tools in China (2757)
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Demand for machine tools in China is projected to grow 14.2 percent annually to 389 billion yuan in 2014. This strong growth will bolster China's current position as the world's leading consumer and producer of machine tools. Both supply and demand will benefit from a number of government policies set forth in the Twelfth Five-Year Plan.
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