China Study "Market in Change"

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The virtual exchange of experiences on the China study "Market in transition - How does mechanical engineering remain successful in competition?" took place on 15 September 2021.

The aim of the event was to present the new VDMA study, which was produced in cooperation with the Swiss mechanical engineering association Swissmem. Among other things, the study analyzes current Chinese industrial policy, the 14th Five-Year Plan, Chinese foreign trade policy, geopolitical trade conflicts and the progress of the "Made in China 2025" strategy.

Oliver Wack, Consultant of VDMA Foreign Trade and Dr. Jost Wübbeke, Director, Sinolytics GmbH, presented the results of the new China study. In addition to the competition analysis and explanation of China's basic economic and industrial policy orientation, the study also deals with the trade conflict between the USA and China as well as regulations on cyber security. In addition, Wack gave the companies strategic and operational suggestions for action in the development of their own strategy in dealing with and in China.

Wübbeke explained how the new data security law affects business activities in China. He went into detail about the national laws, regulations and standards for cybersecurity. The conclusion is that the majority of machinery and equipment manufacturers have not yet evaluated the impact of the cybersecurity law and corresponding regulations.

The interest of our industry in the Chinese market is unbroken.It is also expected to further expand its activities on the ground in the near future. China's hunger for reliable, energy-efficient, environmentally compatible and more networked products and plants is great, and the European mechanical engineering sector has corresponding solutions on offer.

Nevertheless, despite these encouraging signals, it must not be forgotten that China, with its state-capitalist economic model, is increasingly influencing framework conditions and technological developments that present companies with additional challenges now and in the future.

The conclusion of the event was that technological independence remains a challenge for mechanical and plant engineering and that companies are coming under pressure from standardization influenced by industrial policy.

Organizer

The event was offered by ProduktionNRW. ProduktionNRW is the competence network of mechanical engineering and production technology in North Rhine-Westphalia and is carried out by VDMA NRW. ProduktionNRW sees itself as a platform for networking, informing and marketing companies, institutions and networks among themselves and along the value chain. Significant parts of the services provided by ProduktionNRW are funded by the European Regional Development Fund (ERDF).

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