About 67 percent of German companies operating in China intend to further invest in the country over the next two years, according to a survey published by the German Chamber of Commerce in China on Tuesday.
A total of 526 member companies participated in this year’s China Business Confidence Survey conducted by the chamber between July 29 and Sept 12.
Jens Hildebrandt, executive director of the German Chamber of Commerce in China – North China, said there’s a clear sign of confidence. The conclusion of a high quality EU-China Comprehensive Agreement on Investment next year – with a scope beyond the usual investment protection dimension, and covering fair market access – would create new momentum and bring Sino-German economic relations into a new era.
For German businesses in China, the top three opportunities are growing domestic consumption and increasing the demand for foreign brands and quality, as well as participation in innovations and digital technologies, said Andres Glunz, managing partner for international business of KPMG AG Germany.