China's machinery manufacturers will face tougher markets both domestically and overseasdue to falling demand and the weak global economy, industry experts said on Tuesday.
According to data provided by the China Machinery Industry Federation, year-on-year growthof fixed-asset investment in the machinery sector in the first half of the current year was 3.07percent, the lowest level since 2008.
Vice-President Chen Bin said the steel, coal, construction and oil industries experienced lessdemand during the period, which resulted in the slowdown in machinery investment.