Latest News:  

English>>Business

Manufacturers gain credibility in EU market (2)

By Ding Qingfen (China Daily)

08:55, March 12, 2013

For years, China has had the image of being a low-cost workshop where quality is inferior and ideas are always copied - or stolen - from the West.

But while the Chinese government enhances its efforts to assist domestic companies on innovation and as their globalization process accelerates, companies like HIFU are gradually shifting the global preconception.

"Absolutely, HIFU has completely changed my mindset of made-in-China goods. Before HIFU, I thought Chinese brands were cheap and maybe not so good," Cranston said.

"I believe China could produce cheap medical machines yet with the same quality, or even higher quality, because Chinese people are extremely hard-working and good researchers," he said.

As global demand shrinks due to the financial crisis, growth of the world's second-largest economy's exports has been declining as well. In 2012, the nation's exports rose by 7.9 percent from a year earlier to $2.05 trillion, the lowest growth in a decade, compared with a 20.3 percent jump in 2011.

But that does nothing to detract from the country's progress on the world stage. An encouraging sign is that some Chinese companies, led by Huawei Technologies Co Ltd and Lenovo Group Ltd, have won international recognition for their know-how.

In 2009, China surpassed Germany as the largest exporter worldwide, and has maintained its position since then.

In 2011, China overtook the United States as the world's biggest goods producer by output, which helped the nation reclaim the global supremacy it lost in the 19th century.

Although China's exports to the EU dropped by 6.2 percent last year, the nation's share in the EU's market for foreign trade rose, experts said.

During the past two to three years, a rapidly growing number of Chinese companies have stepped up their efforts at acquiring Western rivals, those in Europe in particular, to obtain technology and networks, illustrated by Sany Group Co Ltd's purchase of Putzmeister in Germany.


【1】 【2】 【3】 【4】 【5】

Email|Print|Comments(Editor:HuangBeibei、Zhang Qian)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Warships in 'Peace-13' joint military exercise

  2. Surveillance ships, helicopter patroling


  3. Unforgettable moments you cannot miss in March

  4. Flamboyant villagers honor sea goddess

  5. China's weekly story (2013.2.28-3.8)

  6. Applicants in flight attendants recruitment

  7. San Mao: The Echo Effect

  8. Sarah Brightman aims for the universe

  9. Japanese brands search for rebound

  10. Natural gas sparks emission hopes

Most Popular

Opinions

  1. Active yet prudent urbanization needed for China
  2. China's dating TV show inspires copycat in Chicago
  3. Int'l influence of Chinese films improving
  4. Peking Opera education should start early
  5. Fake 3D triggers resentment
  6. Technology transforms art sharing
  7. Books for youngsters' the fastest-growing genre
  8. Life of the never-touch-a-pan generation
  9. Chinese films ought to tell Chinese stories
  10. Lei Feng spirit never out of date

What’s happening in China

Flight attendants recruitment attracts beautiful young applicants

  1. Floating pigs may be killed by epidemic
  2. Man wanted for keeping woman as sex slave
  3. 5,000 women give birth in Beijing by IVF
  4. Pig virus detected in Shanghai river water
  5. 5.2-magnitude quake hits Xinjiang