With China taking more decisive and practical measures to help companies in their industrial upgrading processes and diversify their sales channels worldwide, Porsche Consulting GmbH, a German management consultancy, pledged to offer more services to heighten Chinese firms' innovation strength and resources allocation during the 14th Five-Year Plan period (2021-25), said a senior executive of the company.
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Germany’s biggest industrial companies reported their lowest profit margins in four years in 2019, and conditions are unlikely to improve until well into this year, according to a study by consulting firm EY.