An employee works on the production line of a machinery manufacturer in Huzhou, Zhejiang province. China's exports of machinery products amounted to $783.02 billion last year, an increase of 5.8 percent year-on-year, accounting for 23.2 percent of the country's total export value. "Thanks to their advances in technology and competitive pricing, Chinese machinery manufacturers have experienced a notable rise in the production and export of both mainframes and complete machinery units in recent years." For example, popular Chinese machinery products have become new targets of international trade disputes in recent years. The European Union has initiated a countervailing duty investigation into China's new energy vehicles and launched an anti-dumping investigation into mobile lifting platforms.

Source: The North Africa Journal February 06, 2024 07:10 UTC