AHK Greater China: Business Confidence Survey 2022/23

"Rocky Roads Ahead" - business confidence of German companies in China reached a historic low - according to the AHK China

China’s recent pivot away from the zero-COVID-19 policy is a much-welcomed development and will help restore business confidence in the mid- and long term. However, the disruption of business operations relating to China’s zero-COVID-19 policy has left deep tracks: 2022 marks a historic low in business confidence and perceived attractiveness of the Chinese market for German companies with 41% expecting a decrease in profits for 2022. Localization and diversification are the prevailing response by German companies to mitigate the risks associated with the previous zero-COVID-19 policy and the shifting geopolitical framework. 
(AHK Greater China: Business Confidence Survey 2022/23)

Key Findings here ...
Complete report here ...