Bevel-helical gear reducer B4 operation Backstop Overview continued No backsto B4-FH-23B

Flender/Flender Gear Units/Bevel-helical gear reducer B4

wo of the corporations leaders who have extensive experience and knowledge of doing business in China. Martin Kaufung, the CFO of Flender Ltd. China, has spent half of his working life in Asian countries. He approaches business with local mindset, and strongly believes that motivation is the most valuable driver of every process. Joerg Sieber , General Manager of Winergy Gears at Flender Ltd. China, has always regarded China as country of opportunities. German national, he believes that though Europe and China are separated from each other by thousand kilometres, what connects the people is passion for technology and business, and the willingness to improve daily. Still on business note, swift recovery in China has provided vital support for global economy and multinational companies, offering strong source of demand for consumer goods and raw materials. While Chinas exporters are enjoying strong demand, global supply chain bottlenecks and rising raw material costs have weighed on production, cooling the blistering economic recovery from last years COVID-1 slump. In real estate news, Wuhan, former epicentre of the coronavirus pandemic, and Haikou, the provincial hub of tropical Hainan, are some of the cities that saw housing values climb 1% or more from March this year. The Chinese government is anxious to prevent any grievances regarding housing affordability from spilling over into social instability as it grapples to keep the economy growing amid the coronavirus pandemic. Homes have become so expensive that Chinese couples are putting off having second child, undermining government efforts to boost the population. Furthermore, fresh crackdown on property speculation and curb on runaway home prices is represented by Chinas latest move to introduce controversial property tax. It is an inevitable solution to help solve the nations debt crisis and ensure financial stability. On the legal front, on June 1, 2, Chinas National Peoples Congre