German firms to forge stronger ties with China

German companies hope to use Asia's largest power transmission control exhibition - PTC ASIA - this month to forge even stronger business ties with China.

The world's second largest annual exhibition of its kind in the industry will serve as an important door to reaching the huge Chinese market for German companies at the end of the month, said Hartmut Rauen, managing director of the Power Transmission and Fluid Power Association within German Engineering Federation (VDMA). He added many long-term business deals and relationships were established during the exhibition's previous sessions.

"If you look to the actual PTC ASIA, you will find a lot of successful joint ventures between Chinese and German companies with a long history," he said. "We expect for 2008 again that we will have together with our Chinese partners a successful show."