According to the German "Le Monde" on July 7, the latest research of the German Machinery and Equipment Manufacturing Federation (VDMA) pointed out that in2020, China will surpass Germany for the first time and become the world's machinery and equipment export champion. In contrast, in 2019, German exports are still ahead of China by about 1.4 percentage points.

Compared with China, the share of other major machinery exporters in the global machinery trade has shown a downward trend, but the ranking has not changed.For example, the United States continues to rank third with a market share of 9.1%, followed by Japan with less than 8.6%, and Italy with a market share of approximately 6.7%.

VDMA also pointed out that China's exports of machinery products no longer only flow to emerging market countries in Africa and Asia. Even in Germany, China is now its largest foreign supplier. Moreover, China has made significant progress in many areas and has become a "strong competitor" of Germany. In addition, China has "discovered the importance of standardization" and is becoming the maker of international standardization.