European firms urged to improve competitiveness but says there are opportunities in China’s need to catch up in sectors such as industrial robotics
Chinese exports topped US$195 billion and report from German Engineering Federation said the country’s faster recovery from Covid-19 helped it take top spot
China overtook Germany to become the world’s top exporter in the machinery and equipment sector last year, according to an industrial association.
Machinery exports from China reached €165 billion, (US$195 billion) around 15.8 per cent of the total foreign trade volume, according to an initial estimate by the German Engineering Federation, compared with German exports of €162 billion.
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