GERMAN firms in China are still optimistic about their local sales growth despite the economic slowdown, a report showed Tuesday.
About 90 percent of the surveyed 189 German firms, based in China, planned to continue business in China despite the economy seeing the weakest quarter-on-quarter expansion in the first quarter since 2011, according to the report released by the German Chamber of Commerce in China.
Over one-third of the surveyed German firms have taken steps such as rolling out new products and services to adapt to market changes, the report showed.
Meanwhile, most German firms look forward to the opportunities brought about by China’s development plan for the next five years. Over half of the surveyed firms regard China’s growing sales market to be their biggest opportunity as more Chinese firms upgrade their systems and equipment.(Xinhua)
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