VDMA warning over Chinese competition

Frankfurt am Main, Germany – German mechanical engineering industry is facing growing competition from Chinese companies, according to a recent study carried out by trade association VDMA.

The study, titled “China business of the future”, has found that Chinees competitors “are increasingly penetrating the high-end segment of mechanical engineering,” said VDMA in a statement 16 Oct.

With the advances, particularly in the fields of technology and automation, VDMA said such Chinese companies were becoming “direct competitors of German small and midsize companies.”

According to the  German association, Chinese…

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