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"\n A FIERCE price war is raging in China among manufacturers of escalators and elevators, as more producers move to China and the region from Europe.\n  Schindler Management's president for Asia-Pacific, Werner Kummer, admitted that 'price competition' was taking place because of lack of industry growth in other parts of the world.\n  Mr Kummer was speaking after a ceremony yesterday to officially open the Schindler Group's new plant, Suzhou Esca Steps Company, established at a cost of US$10 million.\n  He s..."^^<http://www.w3.org/2001/XMLSchema#string>
<http://www.scmp.com/article/139767/elevator-industry-locked-price-war>