This report analyzes the global and Chinese machine tool industry from 2010-2011. It finds that China has become the world's largest producer, consumer, and importer of machine tools. While China's machine tool industry is growing rapidly, there are issues with large but low quality domestic machines and backward CNC systems and components. Most medium and high-end CNC machine tools are imported into China from countries like Germany and Japan. The report provides statistics on key players and market trends in both international and Chinese machine tool industries.