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CHINA: "Chemicals in China: Responding to New Challenges" report

CHINA: "Chemicals in China: Responding to New Challenges" report. 28-page report by KPMG China.

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back to index backCHINAtalk April,  2005


China's machine tool market

Download free report by KPMG China

China is firmly on the radar screens of machine tool companies around the world. Not only has China overtaken the US and Germany to become the largest machine tool market in the world, China's skilled labor force and low cost base also makes it a viable base for sourcing or manufacturing.

Information and insights on this market are difficult to come by however, and the pace of development in China presents companies with a constantly moving target. As a result we have prepared China Machine Tools Market to provide a better understanding of the market and the issues of concern to industry participants.

In our analysis, KPMG has drawn on a number of public sources of information and spoken to both local and foreign industry participants in China. We have also conducted a survey of leading machine equipment industry participants in Germany to shed light on how they are responding to the opportunities in China.

Most respondents are already trading or manufacturing in China and provided their first hand views on the issues of greatest concern to their business there. Our analysis shows that there will continue to be a sizable market for imported high-end machine tools in China, but that local firms are rapidly closing the technology gap and improving quality and performance. Multinational players will need to carefully assess how to participate in China effectively in light of the rapidly changing competitive landscape and market conditions.

To download a copy of the report, click here (pdf file = 691KB).


Source: KPMG Financial Advisory Services - China/Hong Kong
- GAI


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