China Precision Machinery Import-Export Corp.
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Only Germany has serious trade with China, as it makes the machinery and motor vehicles Beijing is buying in large quantities.
The fear is that China's strong imports of machinery, oil and ores in the early months of this year may simply have gone into one end of a production pipeline, out of which are now emerging excessive volumes of steel and heavy-industrial products that it cannot sell at home.
This is an embarrassing setback for Caterpillar, which has expanded aggressively in China and competes with domestic heavy-machinery manufacturers like Zoomlion and Sany.
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Meanwhile, German firms happen to produce exactly the things that a booming China wants, from luxury cars to the machinery that enables Chinese factories to be the workshops of the world.
Mr. KLAUS FRIEDRICH (German Association of Industrial Equipment): We can see it in all volumes that the business of Asian companies - Korea or Japan and specifically in China - increased in the last year in the machinery sector.
China is one of the largest markets for large machinery and mining equipment, and we believe that this expansion will help Caterpillar expand its footprint and gain market share in not only China but also other emerging markets in Asia.
Outside China, hospitals are struggling to get funds for diagnostic machinery such as CAT scanners, MERs and the like.
These figures do not even count our steadily rising imports of industrial machinery and other capital-intensive goods from China.
Today, China faces higher labor costs and competition from increasingly sophisticated manufacturing machinery.
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In January Cat completed its purchase of remaining shares in Shandong SEM Machinery, a leading maker of wheel loaders in China.
Demand in China for the north-east's products, such as machinery and chemicals, has helped.
China, on the other hand, is growing more comfortable with the WTO machinery.
He manufactures low-quality ones in China and high-quality ones in Italy, where he uses much more complicated machinery.
Its main business is Guangxi Yuchai Machinery Company, which is one of the largest medium-duty diesel engine manufacturers in China.
In fact, Chen Zhengli, Secretary General of the Mining Machinery Branch of the Construction Machinery Industry Association, predicts that the local companies will account for 50% of the excavator market in China within five years.
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