Machinery makers face tough times worldwide

China's machinery manufacturers will face tougher markets both domestically and overseas due to falling demand and the weak global economy, industry experts said on Tuesday.

According to data provided by the China Machinery Industry Federation, year-on-year growth of fixed-asset investment in the machinery sector in the first half of the current year was 3.07 percent, the lowest level since 2008.

Vice-President Chen Bin said the steel, coal, construction and oil industries experienced less demand during the period, which resulted in the slowdown in machinery investment.