Home / Special Report/ China-based German companies upbeat on 2018 business outlook: Survey

China-based German companies upbeat on 2018 business outlook: Survey


Comments / {{hitsCtrl.values.hits}} Views / Friday, 26 January 2018 00:00


German companies in China are generally upbeat about the outlook for next year, a survey showed Friday.

German companies evaluate the economic situation in China more positively than last year and remain optimistic for 2018, according to a survey by the German Chamber of Commerce in China.

The survey, which collected opinions from 423 companies, showed nearly two thirds of respondents expecting to achieve or exceed their targets this year, with the machinery industry seeing stronger comeback.

Around 75% of respondents forecast higher turnover next year, and China remains among the top three markets for German companies operating in China.

Increasing labour costs and a shortage of qualified staff were among the major challenges for most German companies in China, said Michael Clauss, the German ambassador to China.

German companies are facing increasing competition from Chinese counterparts as more than 40 percent of the surveyed companies expect Chinese competitors to become innovation leaders within five years, according to Lothar Herrmann, president of German Chamber of Commerce in North China.


Share This Article


DISCLAIMER:

1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.

COMMENTS

Today's Columnists

Relevance of brand valuation?

Thursday, 22 November 2018

Another iconic global business leader has been exposed. Greed, both personal and corporate, it seems is the root cause. This mirrors the conduct of many political leaders around the world. Is it time to have much greater checks on CEOs, may be power-


JVP and minorities: Towards a third way

Thursday, 22 November 2018

As Sri Lanka moves toward a political show down between the UNP and SLFP/SLPP traditional political rivals, there is a third force with great potential strength emerging as a decider in any final outcome, provided that force remains united. By this


Reaching global quality standards through Deming Award

Wednesday, 21 November 2018

The importance of quality in the contemporary competitive business environment cannot be over-emphasised. Total Quality Management (TQM)is a company-wide, all pervasive management philosophy, which organisations globally, in many business sectors hav


Ramsar accreditation of Colombo Wetlands: Rebranding Colombo as a Wetland City

Wednesday, 21 November 2018

Colombo, once known to be “kolonthota,” has always been identified as a wetland complex at the heart of the Kelani river delta. Today this city is increasingly drying up, with around 20 sq km left as wetlands which continue to be threatened every


Columnists More