VDMA China Management Meeting Mining
Regularly once a year the VDMA sector Mining is organizing a Management Meeting in China (CMM).
This year the CMM was arranged as breakfast meeting during the China Coal & Mining Expo (30.10.-02.11.) which attracted many visitors from China and abroad. The Mining CMM was therewith particularly well-attended also from managers from the VDMA members HQ.
The topic Trade in Mining Equipment between Germany and China was presented by Klaus Stöckmann, Deputy Managing Director, VDMA Mining Frankfurt. In 2019, China will be the second most important market for German manufacturers of mining equipment. Trading in mining machinery developed very well in the first 8 months and grew by 23 percent.
Claudia Barkowsky, Chief Representative, VDMA China introduced the latest results of the Business Climate Survey and gave an update on the implementation of the Social Credit System in China. A lively discussion developed around the consequences of applying the new system. Both the opportunities and the risks were critically reviewed.
At the end, all participants agreed that the meeting was fruitful and stimulating.