German Firms in China Say Economy Is on ‘Downward Trajectory’
- Survey respondents expect recovery to take up to three years
- About half of companies say China investment appeal falling
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Most German companies in China think the Asian nation’s economy is declining and will take at least a year to rebound.
That’s according to a survey by the German Chamber of Commerce in China released on Wednesday. Some 83% of the 566 respondents in the survey conducted from early September to early October said China “is facing a downward trajectory” economically. Nearly two-thirds said they expected a recovery to take one to three years.