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Last updated at: (Beijing Time) Saturday, August 31, 2002

China Showcases Machine Manufacturing

China's rapid progress in machine manufacturing was on display at an international fair opened Friday in Shenyang, capital of northeast China's Liaoning Province.


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China's rapid progress in machine manufacturing was on display at an international fair opened Friday in Shenyang, capital of northeast China's Liaoning Province.

According to the organizing committee, more than 463 enterprises from 23 countries and regions, including Japan, the Republic of Korea, the United States and Russia, are participatingin the machine manufacturing fair, including 16 on the Fortune 500list.

More than 20 Chinese delegations from various regions have brought their best products and manufacturing technology to the seven-day fair, including complete sets of machinery, numerical control machine tools, robots and industrial automation equipment.

"We hope this fair will promote understanding of China's machine industry and transfer of new and high technology to China," said an official with the organizing committee.

According to the committee, China has become the world's fourthlargest equipment manufacturer. Half of its fiscal revenue and nearly three quarters of its foreign exchange earnings come from the machinery industry.

Many big international manufacturing companies are transferringtheir production bases to China to tap cheap labor and the market potential. Some industrialists say China has started on the road towards becoming a "world factory".


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