Chinese innovation appeal draws German businesses amidst growth opportunities and competition concerns.
Chinese appeal to German businessmen remains strong as they believe the "biggest risk is not being in China and losing global competitiveness", according to Maximilian Butek, executive director of the German Chamber of Commerce in China-Shanghai. German companies hope to benefit from China's innovation system to keep up with competition and maintain growth opportunities. In the past three years, China has developed significantly in terms of innovation, digitalization, and artificial intelligence.
March 15, 2024
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