Machine Tools Are Closely Related To Fixed Asset Investment in Downstream Industries

Machine tools belong to the machinery industry, and the machinery industry is closely related to the fixed asset investment in the downstream industry. About 60% of the annual fixed asset investment in the downstream industry is used to purchase machinery products. The proportion of equipment and tools purchased in fixed asset investment remained at around 20% and remained stable for a long time. Therefore, in the downstream industries of the machine tool industry, the main part of fixed asset investment is used to purchase equipment manufacturing tools - machine tools. Through statistics, it is found that the growth rate of fixed asset investment in the downstream industry of machine tools is much faster than the average growth rate of the whole society.