Germany optimistic about the prospect of China's machinery manufacturing industry

"The '12th Five-Year Plan' and China's science and technology innovation policy have indicated the direction for the future development of China's machinery manufacturing industry: from quantitative growth to quality-based growth. This will enable China's machinery manufacturing industry to gradually reduce its foreign technology in the medium to long term. Dependency. For our German machinery manufacturing industry this means that even in the export market we will feel more competition from China in the future.” June 13, 2012, German Machinery and Equipment Manufacturing Federation ( Dr. Thomas Lindner, chairman of VDMA, said at the press conference.

According to the industry statistics of the German Machinery and Equipment Manufacturers Association (VDMA), since the beginning of 2012, Germany’s machinery exports to China have experienced a period of slowdown. In the first quarter of this year, equipment products delivered by Germany to China decreased by approximately 11% compared with the same period of last year. However, at the same time, there has been no sign of any slowdown in China’s machinery exports to Germany. In the first quarter of the equipment imported from Germany, worth more than 1 billion euros came from China, equivalent to an increase of about 13% over the same period of last year. “In spite of this, we hope that there will be a recovery in exports to China this summer, and we expect that exports to China will rebound afterwards and show a high single-digit percentage increase,” said Lindner.

At the press conference that day, Dr. Lindner introduced the development history of the German Machinery and Equipment Manufacturers Association (VDMA), the expansion of overseas operations, and the current status of trade between China and Germany in the machinery and equipment manufacturing industry. He believes that the current trend of globalization has provided tremendous opportunities for the development of machinery manufacturing in China and around the world.