"I hope that the government will not allow a large-scale collapse"

Ulrich Reichert has been China CEO of the Wirtgen Group, a manufacturer of road construction machinery, for 32 years. Reichert is currently experiencing one of the deepest economic downturns he has had to manage in his long career. Sales in the infrastructure sector have recently plummeted significantly. The last time he experienced a similar crisis was ten years ago, he said, after economic stimulus programs were phased out as a result of the global financial crisis.

Last updated: 24. July 2025