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According to the VDMA and the University of Mannheim, China is the world's largest market for machinery with sales of EUR 678 billion (2012) - ahead of the USA with EUR 330 billion. Just nine years ago, machine sales in China amounted to EUR 77 billion. The researchers put the average annual growth rate in China for the period 2003 to 2012 at 27.3 percent. By comparison, the annual growth rate in Germany during the same period was 5.5 percent.
