China's Mechanical-Engineering Industry

Financial Times Deutschland (24 April) featured the findings of Oliver Wyman’s “Manufacturing 2015” study and quoted Thomas Kautzsch in an article on China’s mechanical-engineering industry. The study found that the battle for the world market position will not be fought in China but rather in the emerging markets. The five-year plan of the Chinese government will exert tremendous pressure on China’s mechanical-engineering companies to expand their sales abroad. There is a great chance that Chinese companies will gain considerable global market share in emerging economies. Thomas says: “Global competition among mechanical-engineering companies will become dramatically tougher in years to come.”