Posted 1/24/2024, 10:00:30 AM
German companies still betting on China despite economic uncertainty
- Despite challenges, over half of German firms still plan to increase investments in China in the next 2 years
- Companies see China's economic slowdown as temporary; 64% predict a rebound within 1-3 years
- Key challenges include rising competition from local firms, unequal access, economic uncertainty
- 83% think China's economy is on a downward trajectory currently
- Steps to manage risk include building supply chains less dependent on China, localizing R&D