PricewaterhouseC◇oopers --- This is the third in a ne▉w series of papers by Pricewaterhou∏seCoopers called China Risks and Rewarↂds. The series exaцmines the impact o○f China on a number of industrial secto◎rs, including an inξ-depth look at some key issues of particul◥ar importance to c▓omp๑·ิ.·ั๑anies operating in the Chinese mark▅▆etp▋lace. Having already pГu〢blished papers on the Chinese agrochemicals and bulk and speciality chemicals markets, we shall focus here on the machinery and equip─━ment sector≡.
China is currently spending mo〣re than $6 billion a yeㄨar on excaвvators, cranes and other co▌nstruction equip$ment to build an infra♤structure that is suitable for the♂ twenty-first century.∈ It is investing some $10 billion a year in the develo▄pment of a national grid, making huge e♥fforts t∝o esta∽blish itself as a major maritime power and has embarked on a massive programme to expand its ports, as ∞its share of world trade soars.‖ ⊙It also has by far the biggest demand for machνine t▬ools, with consumption rising to over $9 billion in 2004. In ╢short, the machinery and equipment sector▔ is now the country’s second largest industry〥 after textiles.
Market Potential ≒And Main Players
The Rewards o╪f Doing Busin▦▩ess ┘in China
The Risks of Doing Bus◎iness in China
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