Latest news with #ChinaMachineryIndustryFederation
Mid East Info
14-07-2025
- Business
- Mid East Info
Dubai Chambers organises roundtable in Beijing to boost collaboration with China Machinery Industry and attract advanced technologies in line with D33
New MoU signed to advance bilateral economic cooperation H.E. Mohammad Ali Rashed Lootah: 'We are committed to strengthening the economic ties between Dubai and China and advancing bilateral cooperation in priority areas, particularly the industrial sector.' • Dubai Chambers signed an MoU with the China Machinery Industry Federation to assist the federation's members in establishing and expanding their operations in Dubai to capitalise on growth opportunities in the emirate. Dubai, UAE – Dubai Chambers organised a roundtable in Beijing recently with the China Machinery Industry Federation (CMIF), to attract companies specialised in advanced technologies in line with Dubai Economic Agenda (D33). The event was aimed also at strengthening collaboration and supporting the expansion of Chinese industrial companies into Dubai. On the sidelines of the roundtable, Dubai Chambers signed a Memorandum of Understanding (MoU) with CMIF in the presence of H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Niansha Xu, Chairman of the China Machinery Industry Federation. The MoU seeks to enhance bilateral cooperation, strengthen ties between the business communities in Dubai and China, and establish a framework for exploring joint opportunities across key sectors. H.E. Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, commented: 'We are committed to strengthening the economic ties between Dubai and China and advancing bilateral cooperation in priority areas, particularly the industrial sector. This will open new opportunities for the private sector and contribute to sustainable economic growth. We remain dedicated to supporting Chinese industrial companies in capitalising on Dubai's growth opportunities and unique competitive advantages as a leading global business hub.' Under the terms of the MoU, Dubai Chambers will provide comprehensive support to CMIF member companies to help them establish and grow their operations in Dubai and capitalise on the emirate's attractive expansion opportunities. Meanwhile, CMIF will support companies operating in Dubai in building partnerships with their counterparts in mainland China. The two sides will also expand cooperation in specialised trade exhibitions, business missions, and the exchange of economic and trade data. The roundtable brought together officials and representatives from leading industrial associations and major Chinese companies operating across sectors such as the automotive industry, construction, industrial machinery, agriculture, and water purification. Discussions focused on increasing bilateral trade and investment in these areas and exploring how Dubai's specialised exhibitions can serve as a platform for Chinese manufacturers to expand regionally and globally. Participants also reviewed Dubai's growing focus on future-facing sectors, including artificial intelligence and robotics. The event highlighted Dubai Chambers' role in supporting both Chinese SMEs and major industrial players in leveraging Dubai as a gateway to global markets. Strategic cooperation opportunities between Dubai Chambers and CMIF and its affiliates were also explored, with the goal of attracting more Chinese industrial companies to establish a presence in the emirate.
Hi Dubai
14-07-2025
- Business
- Hi Dubai
Dubai Chambers Strengthens Industrial Ties with China through CMIF Partnership
Dubai Chambers has signed a strategic agreement with the China Machinery Industry Federation (CMIF) in Beijing to boost bilateral cooperation and attract Chinese industrial firms to Dubai, in line with the emirate's economic ambitions under the Dubai Economic Agenda (D33). The signing took place during a roundtable hosted by Dubai Chambers and CMIF, aimed at promoting advanced technology collaboration and supporting Chinese companies seeking regional expansion. The event gathered key players from sectors including automotive, construction, industrial machinery, and water purification. The Memorandum of Understanding was formalised in the presence of Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Niansha Xu, Chairman of CMIF. It outlines plans to enhance economic ties, facilitate knowledge exchange, and encourage joint ventures across priority sectors. Lootah emphasised Dubai's commitment to creating long-term growth opportunities, noting that the partnership would support Chinese firms in leveraging Dubai's position as a global business hub. Under the agreement, Dubai Chambers will provide end-to-end support to CMIF member companies looking to establish operations in the emirate, while CMIF will assist Dubai-based firms in forming partnerships within mainland China. The collaboration also extends to trade exhibitions, business missions, and data exchange initiatives. The roundtable highlighted Dubai's increasing focus on innovation-led industries such as AI and robotics and reaffirmed Dubai Chambers' efforts to position the city as a launchpad for Chinese manufacturers targeting regional and global markets. News Source: Emirates News Agency
Al Etihad
14-07-2025
- Business
- Al Etihad
Dubai Chambers, China Machinery Industry Federation strengthen cooperation
14 July 2025 13:03 DUBAI (WAM) Dubai Chambers organised a roundtable in Beijing recently with the China Machinery Industry Federation (CMIF), to attract companies specialised in advanced technologies in line with Dubai Economic Agenda (D33). The event was also aimed at strengthening collaboration and supporting the expansion of Chinese industrial companies into the sidelines of the roundtable, Dubai Chambers signed a Memorandum of Understanding with CMIF in the presence of the President and CEO of Dubai Chambers, Mohammad Ali Rashed Lootah, and the Chairman of the China Machinery Industry Federation, Niansha MoU seeks to enhance bilateral cooperation, strengthen ties between the business communities in Dubai and China, and establish a framework for exploring joint opportunities across key commented, 'We are committed to strengthening the economic ties between Dubai and China and advancing bilateral cooperation in priority areas, particularly the industrial sector. This will open new opportunities for the private sector and contribute to sustainable economic growth. We remain dedicated to supporting Chinese industrial companies in capitalising on Dubai's growth opportunities and unique competitive advantages as a leading global business hub.'Under the terms of the MoU, Dubai Chambers will provide comprehensive support to CMIF member companies to help them establish and grow their operations in Dubai and capitalise on the emirate's attractive expansion CMIF will support companies operating in Dubai in building partnerships with their counterparts in mainland two sides will also expand cooperation in specialised trade exhibitions, business missions, and the exchange of economic and trade roundtable brought together officials and representatives from leading industrial associations and major Chinese companies operating across sectors such as the automotive industry, construction, industrial machinery, agriculture, and water purification. Discussions focused on increasing bilateral trade and investment in these areas and exploring how Dubai's specialised exhibitions can serve as a platform for Chinese manufacturers to expand regionally and also reviewed Dubai's growing focus on future-facing sectors, including artificial intelligence and robotics. The event highlighted Dubai Chambers' role in supporting both Chinese SMEs and major industrial players in leveraging Dubai as a gateway to global markets. Strategic cooperation opportunities between Dubai Chambers and CMIF and its affiliates were also explored to attract more Chinese industrial companies to establish a presence in the emirate.
Zawya
14-07-2025
- Business
- Zawya
Dubai Chambers, China Machinery Industry Federation strengthen cooperation
DUBAI - Dubai Chambers organised a roundtable in Beijing recently with the China Machinery Industry Federation (CMIF), to attract companies specialised in advanced technologies in line with Dubai Economic Agenda (D33). The event was also aimed at strengthening collaboration and supporting the expansion of Chinese industrial companies into Dubai. On the sidelines of the roundtable, Dubai Chambers signed a Memorandum of Understanding with CMIF in the presence of Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers, and Niansha Xu, Chairman of the China Machinery Industry Federation. The MoU seeks to enhance bilateral cooperation, strengthen ties between the business communities in Dubai and China, and establish a framework for exploring joint opportunities across key sectors. Lootah commented, 'We are committed to strengthening the economic ties between Dubai and China and advancing bilateral cooperation in priority areas, particularly the industrial sector. This will open new opportunities for the private sector and contribute to sustainable economic growth. We remain dedicated to supporting Chinese industrial companies in capitalising on Dubai's growth opportunities and unique competitive advantages as a leading global business hub.' Under the terms of the MoU, Dubai Chambers will provide comprehensive support to CMIF member companies to help them establish and grow their operations in Dubai and capitalise on the emirate's attractive expansion opportunities. Meanwhile, CMIF will support companies operating in Dubai in building partnerships with their counterparts in mainland China. The two sides will also expand cooperation in specialised trade exhibitions, business missions, and the exchange of economic and trade data. The roundtable brought together officials and representatives from leading industrial associations and major Chinese companies operating across sectors such as the automotive industry, construction, industrial machinery, agriculture, and water purification. Discussions focused on increasing bilateral trade and investment in these areas and exploring how Dubai's specialised exhibitions can serve as a platform for Chinese manufacturers to expand regionally and globally. Participants also reviewed Dubai's growing focus on future-facing sectors, including artificial intelligence and robotics. The event highlighted Dubai Chambers' role in supporting both Chinese SMEs and major industrial players in leveraging Dubai as a gateway to global markets. Strategic cooperation opportunities between Dubai Chambers and CMIF and its affiliates were also explored, to attract more Chinese industrial companies to establish a presence in the emirate.
Washington Post
27-04-2025
- Business
- Washington Post
Tariffs on Chinese-made machinery drive up costs for U.S. manufacturers
President Donald Trump's effort to revitalize U.S. manufacturing with sweeping tariffs on Chinese goods may hit a snag: American factories depend on machines and components from China. The world's two largest economies have been locked in an escalating trade battle for months. Though U.S. officials have recently started to ease their tone on China, Beijing has remained defiant. Meanwhile, the triple-digit tariffs have wreaked havoc on the stock market and upended global supply chains. Trump claims that his trade policies are necessary to seed a 'golden age' of U.S. manufacturing, but trade experts and companies say the broad tariffs may actually complicate bringing back some industries. The U.S. economy not only is reliant on China for finished products like toys and laptops but also depends on Chinese tools to make everything from cars to electronics in American factories. 'The U.S. machinery sector in general is not in great shape,' said Susan Helper, an economist at Case Western Reserve University in Ohio and former senior adviser for industrial strategy to the Biden administration. 'Depending on the industry, China has a huge amount of the capacity.' The surging price of industrial machines because of tariffs is just one example of the rippling economic chaos and uncertainty unleashed by the trade war, highlighting both the interdependence of the U.S. and Chinese economies and the difficulty of reshoring supply chains that have grown increasingly globalized in recent decades. 'It's important to be able to make the things that allow us to make things,' Helper added. 'But it's not something that happens overnight, and tariffs alone aren't going to do it.' Over the past decade, China's machinery industry has risen to global dominance. Exports of machines from China have more than doubled since 2015, to reach $869 billion in 2024, according to the China Machinery Industry Federation, an industry association. Though Germany has traditionally been a leader in advanced machinery, experts say China has quickly closed the gap with its European rival. China is the largest machine exporter in the world, and the United States is the largest machine importer, with China providing 17 percent of U.S. machinery imports in 2023, according to the U.S. International Trade Commission. That 17 percent figure may underestimate the United States' dependence on Chinese tools, however. For many products, including machines, direct imports from China do not fully account for the supply chain's exposure to the country, because machines may be made with Chinese parts even when imported from other places. Richard Baldwin, a professor at IMD Business School in Switzerland, has studied this phenomenon, which he calls 'hidden exposure.' His research shows that machinery is one of the U.S. industries with the most hidden dependence on China. 'Every manufacturing center in the whole world depends heavily on Chinese industrial intermediate inputs,' he said, adding that about 40 percent of Chinese exports to the U.S. are intermediate, not final goods. 'You really can't avoid it.' Machine components like bearings and gears, as well as hydraulic systems that contain pumps and valves, can be sourced at scale only from China, according to the Association of Equipment Manufacturers, a U.S. trade group. Adding to the supply-chain troubles for U.S. manufacturers: Beijing has implemented export restrictions in response to the trade war on rare-earth minerals, which are essential for a wide array of U.S. industries — including defense, health care and technology. Though Trump has signaled that he wants more Chinese investment in the U.S., the tariffs have led some Chinese manufacturers with U.S. expansion plans to reconsider. John Ling, a consultant who helps Chinese companies with U.S. factory projects, said he is hearing from Chinese companies that are 'very concerned' about sourcing required inputs and machinery at a reasonable price given the new tariffs. The investment required to set up a U.S. factory would double in some cases, he said, and may dissuade Chinese companies from establishing new U.S. manufacturing bases. 'Cost is certainly adding up, and it's causing some projects to cancel or delay,' he said. One building-material manufacturer described the difficulty of setting up shop in the U.S. without Chinese machinery. The company, which was founded in China and has since set up factories in the U.S. and Southeast Asia, said the machines required for its U.S. factories are sourced almost entirely from China or Germany. 'You can't buy any of this stuff in the U.S.,' said a company representative, who spoke on the condition of anonymity because of the sensitivity of policy discussions in the U.S. and China. The company was not caught flat-footed, however. In the run-up to last year's election and in preparation for higher tariffs, the manufacturer sent over a significant amount of machinery from China, which it needs to expand production in the U.S. The uncertainty of the tariffs is also making business decisions difficult for manufacturers. The Trump administration has sent mixed messages about whether the tariffs will remain in place on Chinese goods, while Washington abruptly reversed course on tariffs on other countries in early April. Wen Han, the founder of Windrose Technology, an electric-truck firm with manufacturing in China and assembly plants in the U.S. and Europe, said he has paused all purchasing decisions for several weeks to 'wait out the tariff craziness.' Though Windrose's U.S. plants are primarily engaged in assembly and don't depend on Chinese machinery, they are reliant on certain components from China. Baldwin, of the IMD Business School, said Washington's inconsistent messaging hinders the goal of boosting domestic manufacturing. 'There's no doubt that we're in a new world where bringing more manufacturing back to the United States is a good thing,' he said. 'But since it's a very difficult thing, the U.S. should be thinking strategically about which industries to focus on and then realizing that this is a 10-year plan, not a 10-month plan.' Meanwhile, Chinese machinery companies are doing their best to pursue markets without trade levies, such as Southeast Asia and Africa. Beijing has sought to cement economic ties with countries including Vietnam this month in the face of pressure from Trump. Chen Bin, the deputy director of the China Machinery Industry Federation's expert committee, said at a news conference in February that he remains 'optimistic' about exports despite the U.S.-China trade showdown, according to state media. 'Chinese companies are proactively expanding their presence in emerging markets and increasing research and development investments to enhance product competitiveness,' he said. Pei-Lin Wu in Taipei, Taiwan, contributed to this report.
