Nation ideal market for growth, KraussMaffei says

With its rapidly expanding automotive, medical and electronics sectors, China offers a vast and increasingly sophisticated market for the advanced manufacturing technologies of KraussMaffei, a top executive said.

The country's strong focus on innovation, coupled with government policies that promote high-tech development and sustainable manufacturing, have created an ideal environment for the company to grow its presence, said KraussMaffei China Chief Administrative Officer Ma Lan.

"KraussMaffei, as one of Sinochem Holdings' overseas subsidiaries, is set to benefit from China's economic rebound and rising consumption, with continued business growth in the Chinese market," she said on the sidelines of the seventh China International Import Expo held in Shanghai last week.