According to the plan of the Chinese government, in 2025, Chinese products will be free from the label of quality and cheap, and will enter the ranks of the world's manufacturing powers. Only about ten years left from this goal, while the current domestic production costs are high, overcapacity, traditional advantages are gradually disappearing, high-end manufacturing returns to developed countries, and low-end countries are turning to lower-cost countries.
The domestic and international situation is compelling, and Chinese companies that are not bad money have made large overseas mergers and acquisitions, intending to quickly acquire advanced technology and enhance their influence. At the beginning of 2016, China Chemical acquired the German plastics equipment manufacturer KraussMaffei Group for 925 million euros (1 euro equivalent to 7.36 yuan - this net note), Haier spent $5.4 billion to acquire GE's home appliance business; not long ago The US home appliance group Midea Group has proposed more than 4 billion euros to the German robot manufacturer KUKA to introduce the world's most advanced industrial robot technology.