The fastest growing plastic machinery industry in

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The growth rate of China's plastic machinery industry slowed down

according to the data released by China Plastic Machinery Industry Association (CPMIA), China's plastic machinery industry still maintained a growth momentum in the first quarter, but the growth rate slowed down

Qian Yaoen said, "the whole industry remains stable, with limited growth in price reduction." However, the growth rate in the first quarter of this year was significantly lower than that in 2010

the output value of China's plastic machinery industry in 2010 was 421. The use of appropriate additives to modify the surface of polymer wood flour was billion yuan, an increase of 63% over 2009, and the sales volume was 40.01 billion yuan, an increase of 60%

Qian Yaoen said that in view of a series of macroeconomic factors, such as rising costs and RMB appreciation, this industry is facing increasing pressure and more severe challenges

among them are advanced plastic processing machinery, laboratory instruments and testing equipment. He added that the high growth of this industry in 2010 was partly due to the strong rebound of domestic and foreign market demand during the economic crisis in 2008 and 2009

Looking forward to the next few years, Qian Yaoen said that China's plastic machinery industry is expected to achieve an annual growth of 12%, and its annual output value and sales will reach 50billion yuan by 2015

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