German firms hopeful on Made in China 2025German companies in China believe the Made in China 2025 strategy will generate benefits for their operations in the country over the next five years, the German Chamber of Commerce in China said on Tuesday. The Made in China 2025 strategy is a 10-year national plan designed to transform China from a manufacturing giant into a global high-tech manufacturing power. Lothar Herrmann, chairman of the German Chamber of Commerce－North China, said the overall outlook for the coming year is more positive, reflecting the belief of German companies in the Chinese market and its recovery. The survey said German companies with plants in China were asked about the status and potential of the German government's Industry 4.0 strategy for their local operations in China. After strong performance in 2014, companies found rising labor costs and shortage of qualified workers remain the main challenges for the majority of German companies in China.

Source: The China Post November 30, 2016 18:04 UTC