China

There are several signs that the Chinese economy is facing problems that are likely to last longer. The Chinese economy is still being weighed down by weak domestic demand, the labour market is uncertain and the country is in the midst of an ongoing real estate crisis. Added to this are high youth unemployment, an ageing population, the clearly noticeable consequences of climate change in China and a slump in domestic demand due to uncertain expectations for the future.  

Nevertheless, Germany remains one of China's most important trading partners. The reputation of German companies in China also remains very good. On the ground in China, German companies are currently pursuing localisation strategies along the entire value chain. There are no plans to withdraw from the ‘Middle Kingdom’. On the contrary: German companies' enthusiasm for innovation, dynamism and opportunities in China is unbroken.

But the uncertainties remain. What trends characterise the bilateral relationship? How are German and Chinese companies reacting to the geopolitical and economic situation? The China Country Practice of KPMG Germany provides you with the latest news, information material and personal contacts for questions relating to the Chinese business market.

Dr. Boris Schilmar*

Partner
KPMG Law Rechtsanwaltsgesellschaft mbH
+49 69 951195146

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