The economic landslide caused by the Covid-19 pandemic in 2020 and further, strongly hit enterprises and societies around the globe. Looking back to 2020 in terms of business performance, the "Corona-Year" was characterized by uncertainty, worsening economic developments, projects on hold and cost cuts for many companies.
However, German firms in China are looking to the future with optimism and are expecting an economic rebound after the crisis. Fueled by the economic turnaround in China since the second half of 2020, and promising GDP growth numbers projected for the year ahead, China might be the only market to economically prosper this year.
German companies in China currently operate in an environment characterized by optimism for the year ahead and a strong commitment to the market though complex regulatory challenges remain and domestic competition is growing. Since an overall political agreement on the conclusion of an EU-China Investment Agreement (CAI) has been reached – after more than seven years of negotiations – what are German companies' expectations on the Agreement and its future implementation?
Join our expert panelists to discuss the economic outlook and challenges of German business in China along with the presentation of the German Chamber's Business Confidence Survey 2020/2021 in our virtual press conference on 2 February.
Dr. Clemens von Goetze
Ambassador of the Federal Republic of Germany to China
Business Confidence Survey Results Presentation
Dr. Stephan Woellenstein
Chairman at the German Chamber of Commerce in China I North China on behalf of all regional chamber chapters
Managing Partner International Business at KPMG AG Wirtschaftsprüfungsgesellschaft
Executive Director of German Chamber of Commerce in China | North China