According to the VDMA survey, “foreign companies account for more than 50% of the German machinery manufacturing market, and the share of foreign companies in the Japanese market has never exceeded 13% in recent years. Technology companies in Germany and Europe are doing this. The situation is not satisfied." Although Japan and the European Union (EU) have negotiated bilateral free trade agreements in recent years, President Festge said: "In the future, I hope that Japanese customers can recognize the advantages of German products and correct some of this imbalance. I hope Japan can Make more active efforts in opening up the market."
President Festge said that VDMA hopes to correct the imbalance between Japan and Germany in the field of machinery manufacturing because "the Japanese and German machinery manufacturers need to work together to fight against China's common competitor - China." He said: "China is now a major mechanical manufacturing country in the world. Moreover, in terms of technological innovation policy, China has clearly stated its future policy in the current five-year plan for machinery manufacturing, which is to expand Production has turned to qualitative growth.†VDMA believes that this means that in order to achieve this goal, China will reduce its dependence on foreign technology in the mechanical manufacturing sector in the medium term.
China also intends to further strengthen its competitiveness in the export market. President Fisker said: "It is estimated that the primary target of Chinese manufacturers is the neighboring countries such as India and ASEAN. The next strategy is to expand the market to the United States, Russia and Turkey. The ultimate goal should be developed countries in Europe. market".
"In the face of China's series of challenges, the machinery manufacturing industry in Japan and Germany must take it seriously and find appropriate countermeasures." Specifically, “Machinery manufacturers in Japan and Germany should conduct effective explorations to ensure long-term development and economic success, such as what cooperation can be carried out in the third market. Especially in the complementary product areas, the two countries should work together. Confronting China's challenges, I believe this is an effective strategic choice."
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