TOKYO -- Chinese manufacturers' drive to become more efficient is fueling demand for machine tools from Japanese producers, with orders set to reach an all-time high this year.
The Japan Machine Tool Builders' Association on Tuesday said machine tool orders totaled 158.5 billion yen ($1.39 billion) in November, up 46.8% on the year. Orders topped the 150 billion yen mark for the first time ever and set a new one-month record.
