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 in China recover further from coronavirus crisis

December 22, 2020


Abstract : ​German companies based in China, where the coronavirus pandemic appears to have been brought under control, are recovering further from the crisis, according to a survey published on Thursday.

German companies based in China, where the coronavirus pandemic appears to have been brought under control, are recovering further from the crisis, according to a survey published on Thursday.

The German Chamber of Commerce in China said production capacity had returned to normal for 72 per cent of the firms it surveyed.

"The current indicators point to a sustained regeneration of the Chinese economy," said Andreas Feege, who sits on the board of the organization.

Despite the continued recovery, the economic effects of the pandemic are still felt in some branches, the study found. While the automotive and engineering sectors reported strong results, business services are still struggling.

In addition, around half of the companies stated that demand had not yet returned to pre-crisis levels, the Chamber of Commerce said.

China's economy suffered its first decline since 1992 in the first quarter of this year, when it contracted by 6.8 percent.

However, it has been recovering for months after the world's most populous country was able to bring infections under control.

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: ​German companies

Reading:

China sponsors over 300 online fairs to steady foreign trade

China sees spikes in power demand over economic recovery, winter

China to raise retail fuel prices

China to implement standard on recycling iron, steel

China extends financial support to major foreign-funded companies

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