The growing role of China for manufacturing and as a source of low-price-products, Chinese companies have increasingly affected this strategic setup of manufacturing companies in Europe. Exploiting this China Price Factor leading companies have reorganised their value chains in order to include china made components. Chances and risks of the distributed manufacturing, considering Chinese partnerships, are discussed. The strategic position of Chinese companies as well as the general development in china and other emerging markets allows drawing a number of conclusions and making an attempt for an outlook of what is to be expected as possible consequences of Chinas important role.