"China's new five-year plan increases competition"
The new Chinese five-year plan will further increase technological pressure on Germany and Europe. The plan also offers opportunities for mechanical and plant engineering - but China's current visa policy is not helpful.
Commenting on the publication of the new Chinese Five-Year Plan and the current visa policy, Thilo Brodtmann, Executive Director of VDMA, says:
"The new Chinese five-year plan will further increase the technological pressure on Germany and Europe. This is because for China the issue of technological development to achieve greater independence from imports plays a central role alongside financial stability.
The plan must be assessed in the context of the "Made in China 2025" strategy. On the one hand, machinery and equipment manufacturing companies offer diverse and technologically mature solutions that can support China's desired process of advancing technological capabilities. On the other hand, however, we must expect that the competitive situation - both nationally and internationally - will continue to intensify as we strive for success.
"China's current visa policy and the associated - in our view excessive - entry conditions are not helpful."
In order to strengthen the network between China and Germany, it is essential that meeting opportunities are once again allowed on a larger scale. China's current visa policy and the associated - in our view excessive - entry conditions are not helpful in this regard at all. We therefore appeal to the responsible authorities on the Chinese side to find an amicable solution with their international partners as quickly as possible. After all, China wants to host the Winter Olympics in early 2022 with foreign athletes and visitors. With the current quarantine requirements, this does not seem conceivable."
In 2020, companies from Germany exported mechanical engineering products worth more than 18 billion euros to China, almost maintaining the high level of the previous year. This makes China by far the most important sales market in Asia, ranking second after the USA among the world's most important partner countries. For manufacturers from Germany, Japan, South Korea and the USA are the main competitor countries in the mechanical engineering sector in China."