Ulrich Ackermann, Head of VDMA Foreign Trade, explains why the mechanical engineering industry's view of China as an important trading partner is currently critical and which measures the EU must therefore now initiate.
VDMA-Präsident Carl Martin Welcker schildert die Konjunkturlage des Maschinenbaus im Herbst 2018, erklärt, was der Maschinenbau von der Politik fordert und äußert sich auch zum Handelsstreit zwischen den USA und China.
A large number of high subsidies, linked to the "Made in China 2025" strategy or to state-owned companies in general, distort local competition in favour of domestic Chinese companies. "These subsidized or non-market-oriented mechanical engineering companies are increasingly conquering the global export markets including the EU and distorting international competition," says Ulrich Ackermann, Head of VDMA Foreign Trade.
VDMA Executive Director Thilo Brodtmann talks about the economic outlook of German mechanical engineering in 2018, the most important markets and he explains the call of the mechanical engineers on the future German federal government.
Machines improve our lives – on a large and small scale. Whether for our health, food or the many means of transportation that we use; whether we are looking at the ground deep below the sea or from high above – we need machines and people who utilize their skills to make the world a better place to live. That is the aim of mechanical and plant engineering. Humans – Machines – Progress.
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