In Germany, many small and mid-sized enterprises (SMEs) are often viewed as the backbone of the German economy. With fewer than 1,000 employees at the headquarters and a maximum annual turnover of 100 million euros ($ 134.8 million) worldwide each, SMEs may not yet be popular names, but their contribution to the global economy can not be ignored. Their expanding presence in China indicates their growing importance.

To estimate the development Read more…

Popularity: 2% [?]

bright, China, future, German, SME

hope to forge stronger business ties with China through the Asia’s largest power transmission control exhibition—PTC ASIA.

Hartmut Rauen, managing director of the Power Transmission and Fluid Power Association within German Engineering Federation (VDMA) said that the world’s second largest exhibition held annually is considered as an important opportunity for German companies to enter the huge Chinese market. Read more…

Popularity: 2% [?]

China, cooperation, German, PTC ASIA, transmission

German-Chinese economic relations have developed into a great success level during China’s opening started by Deng Xiaoping’s reforms in 1978. The Chinese government’s reform policies set up a new framework within which German industry and commerce was again and again able to give new and decisive momentum to growth through its investments.

30 years of cooperation
In the last 30 years, an important factor of the cooperation between German and Read more…

Popularity: 3% [?]

companies, conrtibution, economy, German, reforms