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Market Power of China Challenges German Engineering Industry

MaschinenMarkt (10 January) quoted Thomas Kautzsch in an article about the growing market power of China presenting a serious challenge to the German mechanical and plant engineering industry. Thomas says: "The threat China poses is still underestimated in Germany. In 2007, Chinese companies generated €209 billion in revenue, just behind the €215 billion that German mechanical engineering companies posted. Two years later, the Chinese generated total revenues almost twice as high as the Germans."

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