The Effects Of The Corona Crisis On China's Industry

On our own behalf: China can currently ramp up its economic activities again. At the same time, the first findings from the corona epidemic can be drawn in the Middle Kingdom.

Almost 680 manufacturing companies in China took part in a survey by the Vogel Communications Group in cooperation with Chinese partners on the effects and consequences of the epidemic from 28.02.2020 to 04.03.2020. The findings of the ad hoc study demonstrate the diverse challenges in resuming production processes and supply chains - both from the government and from the private side. For example, a significant proportion of the companies surveyed want to establish new supplier networks or automate their production processes significantly more. The idea of decentralizing production is also receiving new impetus. Just like new forms of cooperation in research and development. A cross-company pooling of employees in the area of research and development is propagated as a model.

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Gerd Kielburger, Director of International Business & Strategy at Vogel Communications Group, sees these food for thought not just as opportunities for international providers to better adapt to the needs of Chinese producers: "We may be able to deal with the corona virus pandemic in Germany and Facing Europe-like challenges."

The complete report can be downloaded here.