YICAI | Most German Firms Remain Very Optimistic About China, Survey Says

(Yicai) Oct. 15 -- Most German companies in China remain very confident about the potential and innovation capabilities of the Chinese market and will stay in the country despite worries about the short-term impact of geopolitical tensions, tariff fluctuations, and other factors, according to a survey by the German Chamber of Commerce.

German companies will hold on to the Chinese market because China is the world's second-largest economy, Maximilian Butek, executive director of the German Chamber of Commerce in East China, said at the opening conference of the AchemAsia 2025 yesterday.

Achema is one of the most influential platforms in the global chemical processing industry. The AchemAsia, a three-day international exhibition and innovation forum for sustainable chemical production that has been held in China for 11 straight years, is an important expo for the advanced tech and sustainable development of the nation's chemical sector, with 265 companies from 14 countries and regions taking part this year.

Against the backdrop of the dual transitions of global carbon neutrality and digitalization, Asia is the world's biggest market for chemical production and consumption and is emerging as a crucial testing ground for sustainable chemical production innovation, Butek noted.

An increasing number of Chinese companies and talents are leading technological innovation in the global chemical and manufacturing industries, Butek pointed out, adding that German firms in China hope to further blend into the local innovation system and enhance their competitiveness in the Chinese and international markets via cooperation.

The innovative achievements of German chemical companies in pump and valve gear, mixing and separation tech, chemical and pharmaceutical equipment, digitalized instruments and meters, and others have been put in the spotlight at the German exhibition area at AchemAsia this year.

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