German Business Confidence in China at All Time Low: Survey

‘This year has been difficult for the majority of German companies,’ said Clas Neumann, chair of the German Chamber of Commerce’s east China chapter.

Small boats pass in front of the container ship 'Xin Lian Yun Gang' of China COSCO Shipping Corporation as it is unloaded at the Tollerort Container Terminal owned by HHLA, in the harbour of Hamburg, northern Germany, on Oct. 26, 2022. Axel Heimken/AFP via Getty Images

German companies’ confidence in China has hit an all-time low, the German Chamber of Commerce in China said on Dec. 4, citing its newly published survey.

Germany is China’s biggest European trading partner, and trade tensions between China and the EU have tightened as the EU tries to hold China to international standards.