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Ulrich Ackermann: EU must create a level playing field with China

Date: 16.07.2018
Available­ languages:
en_GB de_DE
Duration: 05:35
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.