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Mechanical engineering: China overtakes Germany as top exporter

Germany is continuing to lose ground to Chinese mechanical engineering companies. China’s exports of machinery and equipment will increase by almost 31 percent this year to 296 billion dollars. In contrast, German machinery manufacturers’ exports will grow by only 13 percent to $249 billion, as calculations in a recent study by Germany Trade & Invest (GTAI) showed. “Chinese competitors are becoming stronger in German core industries,” the report by Katharina Viklenko of GTAI concluded.

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