German firms' China market sentiment falls to record low, survey shows
Business sentiment among German companies in China is at an all-time low, a German business lobby group said on Wednesday, as they face rising Chinese competition and a slowing economy. Over half of German companies said conditions in their industry had worsened this year, the German Chamber of Commerce in China said citing a survey, while only 32% forecast an improvement in 2025 - the lowest since records began in 2007. "This year has been difficult for the majority of German companies, prompting a downward adjustment of their business outlook," said Clas Neumann, chair of the German Chamber of Commerce's east China chapter, while adding that 92% of German companies planned to maintain their operations in the $19 trillion economy.
