German Companies in China Have Low Business Confidence; Many Plan to Leave Market: Study

German Companies in China Have Low Business Confidence; Many Plan to Leave Market: Study
A security personnel stands guard next to Chinese and German flags during a meeting between China's President Xi Jinping and German Chancellor Angela Merkel at the Great Hall of the People in Beijing on May 24, 2018. Jason Lee/AFP via Getty Images
Frank Fang
Updated:
More than 20 percent of German companies operating in China are planning to relocate production away from the Asian country, according to a Nov. 12 study released by the German Chamber of Commerce in China.

Twenty-three percent of the 526 member companies who responded to the study have made the decision or are considering moving production capacity, an increase from 19 percent of those who responded a year ago.

Frank Fang
Frank Fang
journalist
Frank Fang is a Taiwan-based journalist. He covers U.S., China, and Taiwan news. He holds a master's degree in materials science from Tsinghua University in Taiwan.
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