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Gloomy prospects for German China business

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Gloomy prospects for German China business

In order to reduce their dependence on China because of the risks, German companies are increasingly pursuing localization (27.4 percent), but also diversifying their supply chains away from China (20.5 percent). Almost a fifth (18.8 percent) suspended planned investments. Another 18.4 percent are diversifying their investments into countries other than China. 16.3 percent are also making plans for the “worst case” in order to be able to withdraw completely from China if necessary.

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