The Chinese machine tool industry has made great progress since its reform and opening up, but it is large and not strong on the whole. Although the output value of machine tools in mainland China has been ranked first in the world for two consecutive years, and the amount of machine tool imports and consumption has occupied the top position in the world for many consecutive years, there is still a big gap between China and the international machine tool market.

In 2010, the numerical control rate of China's metal cutting machine tools was 52.5%, but it was more than 30 percentage points lower than the 88% of Korea's. The number of CNC lathes and machining centers produced in Korea is also slightly higher than that of Chinese products. However, at present, China's machine tools are still economical and their added value is very low.

China's enterprises also have their own unique advantages, such as they have many years of traditional machine tool production base, and at the same time have a certain amount of technology accumulation in a certain manufacturing process, especially the casting of mechanical parts / forgings technology precipitation, extensive financing channels, have a certain tradition Enterprises with market share and capital accumulation can form large enterprise groups in advance and absorb and digest relatively advanced foreign technologies through acquisitions and holdings. Therefore, Chinese enterprises need to seize good development opportunities, strengthen independent innovation, increase technological level and scale of industrialization, and actively explore emerging markets to cope with future market competition.

At present, China's machine tool companies lack the awareness and capability of independent innovation and basic theoretical research, which restricts the development of China's machine tool technology. To change this situation, it is necessary to thoroughly study the characteristics and requirements of the user industry's product process, and develop the process characteristics. A high level of processing equipment must also pay attention to the research of basic theoretical work, so as to enable China's machine tool industry to have a better development in the near future.