The German "World News" report said that a report released on the day of the German Machinery and Equipment Manufacturing Federation (VDMA) said that the global mechanical trade in 2020 is about 1.05 trillion euros, sales than a year ago Reduce nearly 10%. China first surpassed Germany and became a world championship.

The report shows that the machine and system products exported last year are about 165 billion euros, accounting for 15.8% of the world's market share. Germany's exports are 162 billion euros, and the global market share is 15.5%. In 2019, Germany exported to approximately 1.4 percentage points in China. The report also shows that the United States ranks third with 9.1% market share, then Japan, Italy.

For China's transcendence, Germany, "Machinery Export World Champion", the VDMA Foreign Trade Supervisor Akman said this change is not surprising. "China has been the world's largest machinery manufacturer," He said that the total sales of China's mechanical products last year were 924 billion euros, almost four countries that followed them (US, Germany, Japan and Italy). The sum of the income is as high as the income. China has become a proceedient of foreign machinery trade.

The report believes that the epidemic provides a strong driving force to the rise of China's mechanical products, while Germany and other countries have suffered serious setbacks. The export of China's machinery products no longer flows to emerging market countries such as Africa and Asia. Even in Germany, China is now the largest foreign supplier. According to the report, China has made significant progress in many fields and become a strong competitor of "manufacturing" in Germany. In addition, China is now also an international standardized formula to create conditions for mechanical exports. However, the report also believes that China is still behind the international competitors such as Germany in the fields of "industrial 4.0".

"Despite this, Germany and the EU should not take protectionism, but should respond to China's products through market-based measures." Akman said, "We must improve our competitiveness." The report also shows that German machinery companies are optimistic about the Chinese market. In the first quarter of 2021, German companies export nearly 5 billion euros machines in China, an increase of 20% over the same period last year. (Source: Global Times)