Survey: German firms to invest more in China


German companies aim to leverage China’s innovation system. — China Daily

SHANGHAI: Nearly 80% of German companies that have a presence in China plan to continue with their investments in the country, considering it essential for maintaining competitiveness both in the Chinese market and globally, a survey published on Wednesday by the German Chamber of Commerce in China shows.

According to the survey, 5% of the respondents currently regard Chinese companies as innovation leaders in their respective industries, while 46% foresee them becoming leaders within the next five years.

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