Mechanical engineering companies expect less business

German machinery manufacturers are bracing themselves for more difficult times in business in China. „We expect the business environment in China to become more challenging for a number of companies,“ Karl Haeusgen, President of the German Engineering Federation (VDMA), told Reuters on Tuesday. In particular, the traditional export business from Germany to China will lose significance in the coming years. One of the causes is the policy in the People’s Republic, which aims to make China technologically independent in key technologies, including mechanical engineering.