The proportion of German companies<\/a> that have either left China or are planning to leave China has more than doubled to 9% over the last four years, based on a survey from the German Chamber of Commerce in China.<\/p>\nAccording to Reuters, 2% of the companies with operations in China surveyed said that they were selling off their business operations there, while another 7% said they were considering a sell-off. In 2020, just 4% of German firms were exiting or were planning to exit China. The survey also showed that 44% of German firms have taken steps to address risks linked to maintaining operations in China.<\/p>\n
\u201cLast year was a reality check for German companies operating in China,\u201d said Ulf Reinhardt, chairman of the German Chamber of Commerce South and South West China.<\/p>\n
German firms in general have a gloomy view of the short-term prospects for the world’s second-largest economy, indicated by 86% of those surveyed saying the Chinese economy is on a downward trajectory. However, most of the respondents said that they believed this trend would only be temporary, predicting an economic bounce-back over the next one to three years.<\/p>\n
A majority of German firms, however, are not dissuaded by geopolitical tensions or economic trouble in China. Fifty-four percent of survey participants said they are planning to increase their investments in order to remain competitive in the region.<\/p>\n
A total of 556 German firms were surveyed between September 5, 2023, and October 6, 2023, for the German Chamber of Commerce report.<\/p>\n
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- Source:<\/span> https:\/\/www.supplychainbrain.com\/articles\/38925-more-german-firms-leaving-or-planning-to-leave-china-survey-shows<\/a><\/li>\n<\/ul>\n","protected":false},"author":1,"featured_media":3082782,"template":"Default","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[42861],"station_tag":[21246,38012,33649,28284,4397,46185,13775,9085,68956,68950,18340,9773,48551,30993,48554,40461,13655,4053,43544,48555,3827,13671,39832,4421,4911,6155,3889,12453,40107,14118,71578,21105,4165,4166,40031,3798,31471,14208,48556,68869,13776,4072,13343,21423,48557,12342,3650,19265,3733,48291,3955,48558,69019,27164,10786,40039,69928,40015,71218,4499,10997,9483,14094,10785,23790,32929,48559,69187,48560,17454,68953,3963,4100,68946,3662,68865,9567,11944,5114,7457,8453,9642,41679,68348,10578,4546,13484,12460,3744,68823,3867,10512,48565,9421,69525,13150,17955,13750,28233,11591,70473,15952,4985,31196,5336,27004,70890,4506,69528,68954,48561,13215,8266,39845,28675,69021,68948,69022,13569,19267,25082,10038,25042,11485,4484,68958,68963,5443,11454,48562,3878,11461,3717,3937,14555],"artist":[42929],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/3082781"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/3082782"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=3082781"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=3082781"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=3082781"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=3082781"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=3082781"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=3082781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}