Flash-Survey: Current COVID-19 outbreak + Ukraine war heavily impacting German businesses in China

31 March 2022 (Beijing/Guangzhou/Shanghai)
With major Chinese cities in lockdown and an ongoing devastating war in Europe, German companies in China are increasingly anxious about their businesses, a flash survey conducted by the German Chamber of Commerce in China shows.

Due to the war in Ukraine, for over half of the responding companies, the current geopolitical crisis impacts their headquarters’ China strategy. One third of respondents are putting planned business or investments on hold. 46% of the responding companies currently see a decrease in the attractiveness of the Chinese market compared to other markets. The war in Ukraine massively affects logistics from or to Europe and raises costs for energy and raw materials.

In addition, the current COVID-19-outbreak in China strongly disrupts German companies’ business operations, such as logistics, production, and the entire supply chain within China. Current COVID-19-prevention measures lead to around 50% of companies reporting a complete disruption or a severe impact on logistics, warehousing, and supply chain.

Key Findings: here

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