The website of Germany's Handelsblatt pointed out in an article published on March 24 that China boosts its economy through industrial investment and technological innovation, and "Made in China" products have a price advantage and their quality is getting higher and higher. Elisa Hergt, the representative of the Federation of German Industries in China, said that Germany's three major industrial sectors - the automotive, mechanical engineering, and electrical industries - are facing more intense competition from China. Claudia Barkowski, the General Manager of the China Region of the German Mechanical Engineering Industry Association, stated that China has surpassed Germany and become the world's largest exporter in the machinery manufacturing industry. The success of Chinese enterprises benefits from the cost advantages of raw materials and intermediate go...

Overall Industry Operation Situation In 2024, the added value of the machinery industry above a designated size increased by 6.0% year-on-year, 0.2 percentage points higher than that of the national industry. By the end of 2024, the number of enterprises above a designated size in the machinery industry reached 132,000, an increase of 11,000 compared with the previous year, accounting for 25.8% of the national industry; the total assets reached 39.4 trillion yuan, an increase of 5.2% year-on-year, accounting for 22.1% of the national industry....