Latest news with #Chinesecompetitors
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Thyssenkrupp Cuts Outlook, Investment Plan on Tough Markets
Thyssenkrupp lowered its full-year sales guidance, turned more cautious on its earnings outlook and cut its investment plans, citing persistently tough market conditions that hurt both demand and prices. The German industrial conglomerate is grappling with challenges ranging from increasing competition from lower-cost Chinese rivals to subdued demand even before President Trump's tariffs hit.
Wall Street Journal
31-07-2025
- Business
- Wall Street Journal
Global Trade Raised Living Standards for Millions. New Barriers Are Reversing the Trend.
Pekalongan, Indonesia—When modern textile factories opened in this small city on the Java Sea in the 1990s, life was transformed overnight. Rice farmers and buffalo herders earned enough money sewing clothes for Americans to swap thatch houses for concrete ones and send their kids to universities. By 2022, the transformation stalled and factories started closing down. Cheaper Chinese competitors were boxing Indonesian producers out of foreign markets.
South China Morning Post
13-06-2025
- Automotive
- South China Morning Post
Cheerleaders to critics: German machinery makers call for EU action on China
Now, as exports dwindle and facing 'increasingly strong [Chinese] competitors' beefed up by 'unfair state subsidies', the industry is demanding that Brussels put in place trade barriers to protect it. A new position paper published on Thursday by the Mechanical Engineering Industry Association (VDMA), representing medium-sized manufacturers that help constitute Germany's famed Mittelstand group of businesses, marks a dramatic reversal for an industry that until recently lauded the Sino-German economic miracle. 'The EU should impose countervailing duties on imports from third countries if they violate EU anti-dumping or anti-subsidy rules. China is a particular focus here with its aggressive export policy,' read the VDMA's paper. The industry group – whose 3,600 members make everything from power transmission systems and machine tools to semiconductor machines and precision tools – made clear that it was ready to compete with Chinese rivals on a level playing field. However, it was also unequivocal that it feels those conditions do not exist and that it wants governments to intervene. 12:53 'Overtaking on a bend': how China's EV industry charged ahead to dominate the global market 'Overtaking on a bend': how China's EV industry charged ahead to dominate the global market 'Chinese companies are heavily subsidised by the government. And they supply products to Europe that sometimes disregard our technical regulations. China is not playing fair, and politicians must respond to this,' said Bertram Kawlath, VDMA's president.
