China remains the most important market for the German machine tool industry
5. February 2019The further opening of the Chinese economy to foreign companies benefits in particular the German mechanical engineering industry. “We receive very positive signals from representatives from various ministries and associations in China,” said VMDA President Carl Martin Welcker during a delegation trip to Beijing. So far open issues such as equal conditions for foreign investors, the protection of know-how and intellectual property as well as data security are being taken more and more seriously by the Chinese partners.
As part of the government’s “Made in China 2025” strategy, they want to modernize the economy from quantity to quality. “To do so, machinery and systems from Germany could play an important part in this, and at the same time increase the competitiveness of Chinese companies,” explained VDMA President Welcker in Beijing. German mechanical engineering companies, including many SMEs, have been investing in China for years, and their number has grown to around 750 companies. This commitment has created tens of thousands of skilled and well-paid jobs in China and has contributed significantly to local technological development. Qualification and training of employees is an important topic for German companies in China, and vice versa, the good and solid level of training in Germany is well-known and receives great appreciation.
In the meantime, both sides, Germany and China, are benefiting from a good market and order situation. The export of machinery from Germany to China recorded an increase of 25 percent in the first eight months of 2017. Conversely, machines and capital goods worth 4.3 billion euros were imported into Germany from China, which represents an increase of 10 percent compared to the previous year. China has become the most important machine supplier for Germany. Many products that are exported to China must undergo CCC certification. We are glad to advise you on whether your products are affected and support you with the China CCC certification.
For more information on how CCC certification may affect your company, or for more information about CCC certification in general, the process, and the associated costs, please visit our website and our News Section where you will find current updates twice a week.
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