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

Agricultural Development Bank of China
dpa

HOME > dpa

U.S. companies assess Germany as a positive location even in the crisis

October 14, 2020


Abstract : US companies give Germany good marks as a business location even in the midst of the coronavirus crisis.

U.S. companies give Germany good marks as a business location even in the midst of the coronavirus crisis. The 50 U.S. companies with the highest turnover in Germany gave the location a grade of 1.8 this year, which is even more positive than in the previous year, the U.S. Chamber of Commerce in Germany (AmCham Germany) announced on Monday. "The confidence of the top 50 companies in the German economy is high," said Frank Sportolari, President of AmCham Germany, according to the press release.

Measures such as the short-time working allowance were a hallmark of the business location, as was the rescue package for the self-employed and SMEs. Half of the top 50 companies had kept their investments in Germany constant in the wake of the COVID-19 pandemic, 31 percent even invested more than before. The US companies expect the German economy to recover significantly in 2021.

This year, however, the crisis is leaving a clear mark on balance sheets. According to the figures released by AmCham Germany, 56 percent of the companies are seeing a decline in sales in Germany, 39 percent see a decline in profitability.

The ranking of the largest U.S. employers in Germany was again led in the last fiscal year by McDonald's Germany (approximately 61,000 employees including franchise), followed by Ford (22,650), Amazon, and United Parcel Service Germany (20,000 each).

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: investment Germany

Reading:

SW.China Chongqing vows to further promote NEV dev.

China's robust post-COVID economic growth contributes to global recovery

​Construction of local investment projects in China spurs demand for building materials

Company Data of Xinhua Silk Road Database offers information on Chinese business partners within easy reach

China, Serbia secure substantial development of bilateral ties: senior Chinese diplomat

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