AFP, BEIJINGNearly one-quarter of German companies operating in China are planning to relocate all or part of their business out of the country, according to a study released yesterday, with many blaming rising costs. The German Chamber of Commerce’s annual survey of 526 member firms in China found that 23 percent have either already decided to withdraw production capacity in the country or are considering it. One-third of those companies have planned to leave China entirely. The rest would transfer part of their business and production overseas, largely to lower-cost countries such as India or in Southeast Asia. One-third blamed an unfavorable public policy environment and one in four said the China-US trade dispute is having an impact.

Source: Taipei Times November 12, 2019 16:04 UTC