Many German companies are reaffirming their commitment to the Chinese market, seeing further potential for growth and investment opportunities. According to a report published by the German Chamber of Commerce in China, the majority of surveyed German companies operating in China remain dedicated to strengthening their presence in the country.
Of the 566 firms surveyed, an overwhelming 91 percent have no plans to leave China within the next two years. The report highlights that these companies view China as a key market due to its vast consumer base, robust supply chains, and substantial economic growth.
\”China remains a critical market for German businesses,\” stated a spokesperson from the German Chamber of Commerce in China. \”Our member companies continue to see significant opportunities here, despite global economic challenges.\”
The survey indicates that many German firms are not only staying but also intend to increase their investments in China. Plans include expanding operations, investing in research and development, and forging new partnerships with local businesses.
This steadfast commitment comes amid global economic uncertainties and underscores the importance of the Chinese market to German enterprises. The continued collaboration between German companies and their Chinese counterparts is seen as a positive signal for the future of international trade and economic cooperation.
Reference(s):
cgtn.com
