Report: German firms to strengthen investments
1 year, 6 months ago

Report: German firms to strengthen investments

China Daily  

China's market remains quite important to most German companies and many are willing to increase investment in the country to remain competitive and leverage their potential, said the German Chamber of Commerce in China. A new report surveying 288 German companies operating in China in May regarding their business sentiments in the post-COVID period found that 55 percent of German companies plan to increase investment in the country in the coming two years, which is 4 percentage points higher than last year, but far behind pre-COVID levels. In the long term, German companies expect Germany and China to further strengthen cooperation, especially in the fields of electric vehicles, intelligent manufacturing and decarbonization, the chamber said. German companies will sustain investments in the Chinese market as a means of maintaining a competitive edge and leveraging its potential," said Jens Hildebrandt, executive director and board member of the German Chamber of Commerce in China.

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History of this topic

German firms eye increased investments in China
1 week, 4 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye increased investments in China
1 week, 4 days ago

German firms eye increased investments in China

China Daily  

A view of Volkswagen Anhui's office complex and plant in August 2023. GUO CHEN/XINHUA SHANGHAI — The vast majority of German companies plan to maintain their operations in China, with many intending to increase investment within the next two years, according to the results of a recent survey released by the German Chamber of Commerce in China. The Business Confidence …

German firms eye localization strategy
2 weeks, 4 days ago

German firms eye localization strategy

China Daily  

German firms eye localization strategy By ZHONG NAN China Daily Updated: Dec 06, 2024 Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. When ranking business opportunities in China, the internationalization of Chinese companies stood out as the sole category experiencing growth compared to last year and the leading business opportunity, according to the …

German firms eye localization strategy
2 weeks, 5 days ago

German firms eye localization strategy

China Daily  

Employees check auto components bound for Germany at a German-funded enterprise in Taicang, Jiangsu province. JI HAIXIN/FOR CHINA DAILY Amid growing competition and price pressure, German companies are increasingly adopting a localized strategy in China, operating with greater autonomy and aligning their operations with the mindset and practices of local businesses, a survey published by the German Chamber of Commerce …

Door opened wider for foreign-invested businesses
3 weeks, 5 days ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Great potential attracts German investment
1 month, 2 weeks ago

Great potential attracts German investment

China Daily  

Huge national market, opening-up policy and dynamic innovations prove irresistible to foreign enterprises Viewing China as a growing and vast market, German companies are optimistic about the country's innovative vitality and dividends of higher-level opening-up, industrial insiders said. Prospects fuel growth The continual increase in German investment stems from confidence in China's sustained economic development and innovative capabilities. The continuous …

China and Germany Rekindle Auto Cooperation, Shaping Future of Sustainable Mobility
2 months ago

China and Germany Rekindle Auto Cooperation, Shaping Future of Sustainable Mobility

China Daily  

Chinese and German automakers are exploring new ways to enhance their long-standing cooperation, focusing on digitalization and sustainable transformation. The conference brought together 400 representatives from the auto industries of both countries to discuss common ground and explore potential areas of collaboration. Both sides emphasized the importance of international cooperation in the automotive sector, acknowledging the significant contributions of German …

German Firms Embracing China's Market Potential: A Crucial Corner for Success
2 months, 3 weeks ago

German Firms Embracing China's Market Potential: A Crucial Corner for Success

China Daily  

German investments in China remain strong, with the country being a crucial market for the German economy. The economic and trade relations between the two countries have deepened significantly, and both sides have demonstrated substantial potential for mutual learning and win-win outcomes. Business ecosystems play a critical role in the development of hidden champions, enabling SMEs to achieve market leadership …

China challenges dim European firms' investment appetite, lobby group says
3 months, 1 week ago

China challenges dim European firms' investment appetite, lobby group says

Hindustan Times  

* China challenges dim European firms' investment appetite, lobby group says Economic slowdown is No.1 concern of EU firms in China * EU Chamber in China calls for more consumption stimulus * Warns firms feel risks of China market no longer match rewards * Growing doubts over China's commitment to reform, chamber says By Joe Cash BEIJING, Sept 11 - …

German firms make beeline for China market
3 months, 2 weeks ago

German firms make beeline for China market

China Daily  

NANJING/BERLIN — Philipp Kortum, chief financial officer of TUV Rheinland, a renowned German testing and certification services provider, was astounded by the swift completion of its Phase II laboratory in Taicang, a county-level city in East China's Jiangsu province. Neighboring Shanghai, Taicang, spanning approximately 800 square kilometers, is known as the "hometown of German enterprises" in China, with over 530 …

Practical Sino-German cooperation boon for both
3 months, 3 weeks ago

Practical Sino-German cooperation boon for both

China Daily  

Employees of BMW Brilliance Automotive work on the production line in Shenyang, Liaoning province, in May. CHINA DAILY After the European Commission announced that it would impose high tariffs on Chinese new energy vehicles, German automakers such as BMW, Volkswagen and Mercedes-Benz expressed their opposition. "We don't think that our industry needs protection," BMW CEO Oliver Zipse was reported by …

German firms find Ningbo an ideal investment hub
4 months ago

German firms find Ningbo an ideal investment hub

China Daily  

Ningbo, Zhejiang province, has emerged as a prime destination for German investments in China, as revealed in a recent interview by Ningbo Daily with Volker Hagen, CFO and managing director of the Aachen-Ningbo Sister-City relationship Promotion Association. Hagen, who has over two decades of experience promoting business ties between Germany and Ningbo, highlighted the city's strategic location, advanced infrastructure, and …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German firms vow to invest more in China
4 months, 1 week ago

German firms vow to invest more in China

China Daily  

A view of the booth of Bosch during an expo in Shenzhen, Guangdong province. CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Xu Daquan, president of Bosch Investment Ltd, a country branch of German industrial conglomerate Bosch …

German vote of confidence turns 'de-risking' narrative into a joke
4 months, 1 week ago

German vote of confidence turns 'de-risking' narrative into a joke

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. According to a recent survey on business confidence released by the German Chamber of Commerce in China, 91 percent of German companies surveyed said they will continue to stay in the Chinese market, and more than half of the entities surveyed plan to increase investment in …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, Xu Daquan, president of Bosch Investment Ltd, a country branch of …

German vote of confidence turns 'de-risking' narrative into a joke
4 months, 1 week ago

German vote of confidence turns 'de-risking' narrative into a joke

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. According to a recent survey on business confidence released by the German Chamber of Commerce in China, 91 percent of German companies surveyed said they will continue to stay in the Chinese market, and more than half of the entities surveyed plan to increase investment in …

German firms keen to invest more in China
4 months, 1 week ago

German firms keen to invest more in China

China Daily  

By ZHONG NAN | China Daily Global | Updated: 2024-08-16 09:58 Volkswagen showcases its ID series at the Green and Smart Auto Shanghai 2024 in June. PHOTO/CHINA DAILY German companies are determined to ramp up investment in China, motivated by the country's heightened focus on expanding market openness and fast-growing industries, said business executives and market watchers. Sharing similar views, …

Foreign businesses optimistic about China opportunities
6 months ago

Foreign businesses optimistic about China opportunities

China Daily  

As one of the first batch of foreign companies that invested in China, Bosch sees the company's great potential for growth in China's emerging sectors, especially that of electric vehicles and hybrid energy. China boasts a huge potential for foreign enterprises and entrepreneurs to innovate and thrive, whether they are established business or emerging industries, said foreign business leaders in …

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says
6 months ago

'We are constantly looking for more opportunities in China,' Deutsche Bank China COO says

China Daily  

The skyline of Beijing. SHANGHAI -- Deutsche Bank has recently made substantial investments in enhancing its operational capacity in North China's Tianjin municipality, Ole Gerdau, chief operating officer at Deutsche Bank China, told Xinhua in an interview on Monday. Gerdau underscored the pivotal role of China's economic liberalization and the RMB's global ascendancy as cornerstones of Deutsche Bank's strategic vision …

German carmakers upbeat on China market, green push
7 months, 1 week ago

German carmakers upbeat on China market, green push

China Daily  

The roll-off ceremony of the 6 millionth car produced by BMW Brilliance Automotive is held in Shenyang, Liaoning province, on May 8. In 2023, China's automobile production and sales had reached 30.2 million and 30.1 million vehicles, respectively, representing year-on-year increases of 11.6 percent and 12 percent. China's automobile market has ranked first globally in terms of both production and …

Tech start-ups, SMEs to be main players in Sino-German cooperation: report
7 months, 1 week ago

Tech start-ups, SMEs to be main players in Sino-German cooperation: report

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. BEIJING - German high-tech start-ups and small and medium-sized enterprises are expected to be main players in the future cooperation between China and Germany, said a report issued at a two-day forum for Sino-German industrial cooperation and development that ended on Tuesday. The report, titled "China-Germany …

Europe wants two things from China. It may not get far on either of them
8 months ago

Europe wants two things from China. It may not get far on either of them

Associated Press  

BEIJING — Europe wants two things from China: First, a shift in its relatively pro-Russia position on the war in Ukraine. “And if those highly competitive companies are still protected by the government, then we have actually global challenges resulting from that.” A FUNDAMENTAL DIVIDE ON UKRAINE If there is one issue most of Europe can agree on, it is …

World benefits from greater China-Germany economic cooperation
8 months, 1 week ago

World benefits from greater China-Germany economic cooperation

China Daily  

The flags of Germany and China are seen in Berlin, Germany, June 19, 2023. During Scholz's inaugural visit to China as German chancellor in 2022, amidst a hullabaloo of "decoupling," significant strides were made in bolstering mutual understanding and trust between the two nations. With strong economic interdependence, China and Germany, as the world's second-largest economy and the EU's largest …

German firms vow to scale up investment in China
8 months, 1 week ago

German firms vow to scale up investment in China

China Daily  

A BMW Vision Neue Klasse is displayed next to the company's logo during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, Sept 4, 2023. BMW is confident of China's economic prospects and will scale up its investment in the country, said Oliver Zipse, board chairman of the German …

China-German business relationship contributes to the world
8 months, 1 week ago

China-German business relationship contributes to the world

China Daily  

The China trip by German Chancellor Olaf Scholz, accompanied by a large group of CEOs of top German business giants, including Siemens, Volkswagen, BMW, Mercedez Benz, Bayer, Merck, etc. According to German official statistics, two-way trade between the two countries reached 253.1 billion euros in 2023, although 15.5 percent down over 2022, still beat the US by a narrow 800 …

China-German business relationship contributes to the world
8 months, 1 week ago

China-German business relationship contributes to the world

China Daily  

The China trip by German Chancellor Olaf Scholz, accompanied by a large group of CEOs of top German business giants, including Siemens, Volkswagen, BMW, Mercedez Benz, Bayer, Merck, etc. According to German official statistics, two-way trade between the two countries reached 253.1 billion euros in 2023, although 15.5 percent down over 2022, still beat the US by a narrow 800 …

German companies gear up for larger China market share
11 months, 1 week ago

German companies gear up for larger China market share

China Daily  

A Benteler pavilion at the China International Glass Industrial Technical Exhibition held in Shanghai on May 8, 2023. Klaus Hansmeier, the company's launch manager, who has been working in China for 11 years, said that the company had invested 260 million yuan in Tianjin to build new production lines as of March 2023, with an additional 100 million yuan of …

Foreign firms get further incentives
1 year, 4 months ago

Foreign firms get further incentives

China Daily  

By Zhong Nan and Liu Zhihua| China Daily| Updated :2023-08-04 More intl investors see nation as ideal destination as opening-up accelerates China's economy will become an even more attractive destination for high-quality and long-term foreign investment as a result of the nation's stepped-up efforts to shore up economic growth and push continuous progress in deepening reforms and expanding opening-up, said …

Foreign firms get further incentives
1 year, 4 months ago

Foreign firms get further incentives

China Daily  

A view of Canton Tower in Guangzhou, Guangdong province. More intl investors see nation as ideal destination as opening-up accelerates China's economy will become an even more attractive destination for high-quality and long-term foreign investment as a result of the nation's stepped-up efforts to shore up economic growth and push continuous progress in deepening reforms and expanding opening-up, said market …

Foreign firms get further incentives
1 year, 4 months ago

Foreign firms get further incentives

China Daily  

More intl investors see nation as ideal destination as opening-up accelerates China's economy will become an even more attractive destination for high-quality and long-term foreign investment as a result of the nation's stepped-up efforts to shore up economic growth and push continuous progress in deepening reforms and expanding opening-up, said market watchers and business executives. For instance, the National Development …

‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy
1 year, 5 months ago

‘China has changed.’ Germany unveils strategy to cut reliance on world’s no. 2 economy

CNN  

London/Berlin CNN — Germany announced Thursday that it would reduce its dependence on China in “critical sectors” including medicine, lithium batteries used in electric cars and elements essential to chipmaking. The government published its first ever “Strategy on China,” a 40-page document that highlights the tightrope Berlin must walk in managing its dependence on the world’s second-largest economy amid growing …

German executives say no to 'decoupling'
1 year, 5 months ago

German executives say no to 'decoupling'

China Daily  

A BMW i3 car on display during an auto expo in Shanghai. The Chinese path to modernization will provide broader growth opportunities for German companies and the idea of "de-risking" should not be politicized or ideologized, said China's top commerce official. During his meeting with Karl Haeusgen, president of German Mechanical Engineering Industry Association and Christian Klein, CEO of German …

Report: German firms to strengthen investments
1 year, 6 months ago

Report: German firms to strengthen investments

China Daily  

Cars are seen in production at a BMW Brilliant factory in Shenyang, Liaoning province. YANG QING/XINHUA China's market remains quite important to most German companies and many are willing to increase investment in the country to remain competitive and leverage their potential, said the German Chamber of Commerce in China. A new report surveying 288 German companies operating in China …

CIIE viewed as must for German firms eyeing China market
2 years, 2 months ago

CIIE viewed as must for German firms eyeing China market

China Daily  

The electric iX is one of the highlights at BMW booth at the CIIE on Nov 5, 2021. For Michael Borchmann, a former senior official in the German state of Hessen, it's clear that any company wanting to sell its products to the vast Chinese market can't afford to ignore the China International Import Expo, or CIIE. "It has gained …

CIIE viewed as must for German firms eyeing China market
2 years, 2 months ago

CIIE viewed as must for German firms eyeing China market

China Daily  

The electric iX is one of the highlights at BMW booth at the CIIE on Nov 5, 2021. For Michael Borchmann, a former senior official in the German state of Hessen, it's clear that any company wanting to sell its products to the vast Chinese market can't afford to ignore the China International Import Expo, or CIIE. "It has gained …

Germany expresses concern after corporate dependency on China increases
4 years ago

Germany expresses concern after corporate dependency on China increases

Op India  

German car manufacturers have seen an increase in car sales in China in last quarter. He says that while the Chinese market may be temporarily helping companies stay afloat, in longer term, the industry’s dependence on Chinese market makes it prone to blackmail. In fact, even German Chancellor Angela Merkel urged German businesses to diversify into Asian markets beyond China. …

Foreign firms expand investment in China amid business recovery, further opening up
4 years, 3 months ago

Foreign firms expand investment in China amid business recovery, further opening up

China Daily  

Photo taken on Sept 14, 2020 shows the opening ceremony of the second phase of a high-voltage battery center invested by BMW Brilliance Automotive in Shenyang, Northeast China's Liaoning province. SHENYANG -- The opening of a new battery plant affiliated to BMW is the latest testament to the confidence of foreign firms in the Chinese market amid the country's steady …

Nation to boost consumption, investment
4 years, 4 months ago

Nation to boost consumption, investment

China Daily  

Cui Fan, a professor of international trade at the University of International Business and Economics in Beijing, said, "China is working to give full play to its domestic market, the largest in the world, and building a new model of development in which domestic economic networks play the primary role, and domestic and international economic networks complement each other." Huge …

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