The VDMA, Germany's mechanical-engineering consortium, has published its forecast for 2014, and it sees a very bright year ahead for the sector.
The presidential election in Iran will decide whether or not the country's economic 'opening-up' should continue, says VDMA expert Klaus Friedrich, who discussed current problems in doing business with Iran with DW.
Chinese machine tool companies have boosted their exports to Russia, while other competitors have to adhere to the sanctions in place over Moscow's perceived role in the Ukraine conflict. Germany is losing out.
The German Engineering Association expects slight growth in 2017 and has advocated for more free trade. Industry representatives also urge China to be fair to foreign investors.
Over 120,000 Chinese live in Germany. Most of them are students; the second largest group consists of entrepreneurs. They network with each other — not just for business opportunities, but also for better integration.
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