More German Businesses Becoming Disenchanted With China

Published on January 25, 2024

German-Chinese ties have been increasingly complex in recent years. But with Beijing facing growing pushbacks for using China’s economic dominance to expand its global influence and Europe declaring China a “systemic rival” last year, German companies that once saw China as a partner are getting disillusioned. An increasing number of German companies are exiting the Chinese market or considering an exit, according to a survey conducted by the German Chamber of Commerce (GCC) in China. The Business Confidence Survey for 2023/24 revealed that about 9 percent—more than double in the past four years—of the 566 of the 2,100-member companies operating in China are disenchanted with the second-largest economy as a market....

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