China's mould industry has made a great breakthrough. In the process of mould industry development, China's market has always insisted on innovation. And to strengthen technical exchanges with developed countries is greatly enhance the market competitiveness of China's mould enterprises. In the meantime, the pace of China's move toward a manufacturing power will not cease. Instead, it will speed up its reform and upgrading. This complex and flexible economic situation has just provided a stage for mould development.
By 2015 China's mould industry output will exceed 2 trillion yuan. As the manufacturing industries in developed countries have shifted to China, the mould industry in our country get a new round of development opportunities. Although the export of domestic moulds has been increasing in recent years, the level of their international competitiveness has also risen. But they mostly concentrated in the middle and low areas, with low technology, low added value and part of the high-precision moluds also rely on imports. Therefore, the domestic mould manufacturing industry need to strengthen integration in all fields, launcheing mould products with independent intellectual property rights in related industries.
The implementation of expanding domestic demand strategy will promote the development of China's manufacturing industry. Including automotive, home appliances, IT industry, packaging, building materials and daily necessities such as large-scale user industry, will still provide muold for the development of large market space. For example, more than 90% of plastic products are formed by moulds. Therefore, plastic moulds account for 45% of the total molds in China. Our plastic products are close to 60 million tons in 2012, and annual growth rates are between 15% and 20%.
Now China's mould industry through the introduction of foreign investment, absorbing the advanced experience, advanced technology and high-level personnel of foreign mould manufacturing. And then our mould design and manufacturing levels have been greatly improved. High level of mould machinery and equipment also will provide a broad space for the development of the mould industry .