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German media: China's machinery manufacturing export or expand its leading advantage 2021-08-18
  Xinhua news agency, Beijing, August 16 - Reference News recently published a report on the website of German Der Spiegel weekly that "Chinese machinery manufacturers are leaving German competitors behind more and more". The article is summarized as follows:

  According to a study by the German Federal Foreign Trade and investment agency, China is greatly expanding its leading edge in machinery manufacturing exports to Germany. The report points out that this year, China's export of mechanical equipment will increase by nearly 31% to US $296 billion, while that of Germany, the former world champion of mechanical equipment export, will increase by only 13% to US $249 billion.

  In 2020, China surpassed Germany in this field for the first time. According to the calculation of the German machinery and equipment manufacturing industry federation, China's machinery and equipment exports accounted for about 15.8% of the total global exports of such products last year, and Germany's exports accounted for 15.5%.


  "China has become the world's largest exporter of machinery and equipment for the first time in 2020," the study notes, noting that COVID-19 has become the world's largest exporter of machinery and equipment. The report said that it was possible for Chinese industry to quickly resume operation after the strict blockade measures were lifted“ Chinese competitors are overtaking German exporters in more and more areas. "

  In 2020, China has been ahead of Germany in 16 of the 28 sub sectors of mechanical equipment manufacturing, including Germany's traditionally large export volume.

  Nevertheless, the German machinery and equipment manufacturing Federation believes that the rise of China has brought opportunities for German manufacturers. For example, in the field of industrial robots, China "obviously needs to catch up", which brings good export opportunities.
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