Brief

China requires full speed ahead

China is one of the most dynamic economies in the world and offers high growth rates. Quick and bold decisions are necessary here.

Published on October 19, 2011
min read


The Chinese economy is developing at a pace which threatens to leave Western companies behind. The particular hallmarks of growth in China are low prices and a high level of functionality. Away from the premium segment, the quality of service and ease of use are not that important. Machinery and plant engineering firms that do not appreciate this difference will find it difficult to compete with Chinese competitors. Read more: industrybrief

The Chinese economy is developing at a pace which threatens to leave Western companies behind. The particular hallmarks of growth in China are low prices and a high level of functionality. Away from the premium segment, the quality of service and ease of use are not that important. Machinery and plant engineering firms that do not appreciate this difference will find it difficult to compete with Chinese competitors.

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