German Robotics Industry Faces Chinese Challenge
The German robotics industry is grappling with growing competition from China, affecting its outlook amid a weak domestic economy. VDMA's Frank Konrad highlighted the expansion of Chinese suppliers into Europe as a significant challenge in maintaining market leadership.
Following is a summary of current science news briefs.
German robotics industry faces stiff competition from China, VDMA says
Growing competition from China is weighing on the outlook for Germany's robotic industry, which is already struggling with falling orders in a weak domestic economy, a representative of the VDMA engineering association told Reuters.
"Competition is fierce," Frank Konrad, head of VDMA's robotics and automation department, said in comments published on Monday. "Many Chinese suppliers have grown strongly in their home markets and are now pushing into Europe."
ALSO READ
-
WTO Sets Up Panel on EU Carbon Border Rules as Russia Challenges Restrictions
-
WHO Brings Global Experts Together to Strengthen Herbal Medicine Quality and Safety
-
Human Cost of Faster Work: Chinese Employees Weigh AI’s Promise Against Pay Fears
-
China's August Disasters Yield $5.38 Billion in Losses
-
China Strengthens Military Surveillance in Djibouti
Google News