Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
dpa

HOME > dpa

German firms see improvements in China, but still face challenges

April 03, 2020


Abstract : German businesses in China are seeing improvements as the country's economy restarts, but still face serious challenges from the fallout of the coronavirus crisis, according to a newly released survey.

German businesses in China are seeing improvements as the country's economy restarts, but still face serious challenges from the coronavirus crisis, according to a newly released survey.

The results of a March survey of members of the German Chamber of Commerce in China were published on Thursday.

"German companies in China are technically capable of producing almost at pre-crisis levels," said Maximilian Butek, a member of the board.

Staffing ratios, production capacities and internal logistics have normalized for most of the respondents, the survey showed. However, actual business activity has barely resumed.

"The economic effects on companies are still serious," according to the chamber.

More than two-thirds of the companies surveyed predicted a double-digit decline in sales for the first half of the year. This is 20 percent more than in a survey conducted in February.

Most companies are trying to postpone or even cancel investments, and business will probably not return to pre-crisis levels until the beginning of the second half of the year, according to the research.

Factories and companies are resuming work and hardly any new cases of community transmission of coronavirus have been reported for weeks.

Notice: No person, organization and/or company shall disseminate or broadcast the above article on Xinhua Silk Road website without prior permission by Xinhua Silk Road.

Scan the QR code and push it to your mobile phone

Keyword: China coronavirus German firms

Reading:

China pledges wider opening-up to mitigate virus impact on foreign trade, investment

China-Europe freight trains see growth in east China despite COVID-19

Chinese medical experts welcomed for aiding battle against COVID-19 overseas

China actively assists Africa in anti-virus fight: official

China, Vietnam should enhance cooperation with regional countries to curb COVID-19: Chinese premier

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial