Machine tool industryVDW cautiously optimistic for 2016

... Asia and Europe: In the first three quarters of last year, they ordered 4% and 3% more respectively than in 2014. Orders from the People's Republic of China once again lost 8%, accounting for around a quarter of the total. This shows that The restructuring process will remain an issue in the land of means for a long time to come. Nevertheless, China remains important simply because of the size of the market, according to the VDW: the country accounts for a third of international machine tool consumption.