About one-third of the output value and consumption of the global mold industry is contributed by Chinese projects

China's Mold Industry Experiences Strong Growth in 2018, According to statistics from the China Mold Industry Association, the country's mold exports reached a record high of US$6.085 billion in 2018, marking a 10.8% increase from the previous year. This impressive growth has solidified China's position as a global leader in mold exports, accounting for a quarter of the world's total mold exports. In addition, China's mold imports also saw a significant rise, reaching US$2.14 billion, a year-on-year increase of 4.3%, The top five export markets for Chinese molds are the United States, Germany, Hong Kong, Japan, and Mexico, highlighting the country's strong international presence in the industry. On the other hand, the top five import markets for molds into China include Japan, South Korea, Germany, Taiwan, and the United States, Mold is often referred to as the mother of industry due to its crucial role in supporting various manufacturing sectors. Research conducted by the China Mold Industry Association revealed that China's mold consumption in 2018 totaled 255.5 billion yuan, significantly contributing to the production of industrial manufactured products worth 28 trillion yuan. This underscores the vital role of the mold industry in driving China's Made in China initiative and positioning the country as a major global manufacturing power, Furthermore, the importance of molds in revolutionizing and improving the quality of people's lives cannot be understated. For instance, the automobile industry heavily relies on molds, with over 90% of automobile manufacturing processes dependent on them. Moreover, more than 95% of mold companies in China are actively engaged in producing molds for the automotive sector, In recent years, Chinese mold companies have also been actively pursuing international expansion through mergers and acquisitions. Over 20 related mergers and acquisitions have been completed with a total transaction value of nearly US$7 billion. The focus of these strategic moves has been on enhancing the sophistication, electrification, and lightweight capabilities of molds, aligning with the industry's shift towards smart and efficient manufacturing processes, Overall, the remarkable growth of China's mold industry in 2018 reflects the country's strong position as a global leader in the production and export of molds. With an increasing focus on innovation and international expansion, the industry is poised to continue its upward trajectory and play a pivotal role in shaping the future of manufacturing worldwide