FRANKFURT, Nov. 11 (Xinhua) -- More Chinese companies in Germany intend to invest in the country over the next five years, while up to 40 percent expect their turnover to increase in the coming 12 months, according to a survey released here on Wednesday.
The Business Confidence Survey of Chinese Companies in Germany 2026, jointly released by the Chinese Chamber of Commerce in Germany (CHKD) and KPMG, found that 27 percent of the Chinese companies surveyed in Germany intend to invest in production capacity in Germany over the next five years, up from 21 percent last year.
Findings of the survey point to continued strong business confidence among Chinese companies in Germany. Up to 40 percent expect their turnover to increase over the next 12 months, 43 percent intend to expand their workforce, and 30 percent plan to increase investment.
Germany's location and easy access to the EU single market, have been cited by 59 percent of the surveyed companies as one of the most important factors that make Germany stand out. The size and purchasing power of the German market and industrial environment have also been identified as favorable factors by nearly half of the respondents.
The Chinese companies intend to put their new investment into "future-oriented sectors with growth potential," including battery storage systems, physical infrastructure, and industrial and service robots.
However, 83 percent of the companies surveyed cited high labor costs and strict labor regulations as obstacles to investment, up 10 percentage points from the previous year.
In addition, red tape, taxation and energy costs have been identified as areas where improvement is needed to make Germany a more attractive location.
The survey was conducted between Aug. 12 and Sept. 7 this year among 114 Chinese companies in Germany.
