Chinese Foundry Industry in the New Era – Opportunities and Challenges
The output of castings in China in 2017 reached 49.4million tons, ranking first in the world for 16 consecutive years. However, despite its enormous quantity, the industry is yet to be developed. Now, its major challenges lie in key castings and technologies. At the critical phase of the accelerating the development of an innovation-oriented country, the foundry industry also enters into a new period of industrial restructuring and core competitiveness upgrading.