皇冠体育app

BEIJING - German companies in 皇冠体育app are generally upbeat about the outlook for next year, a survey showed Friday.

German companies evaluate the economic situation in 皇冠体育app more positively than last year and remain optimistic for 2018, according to a survey by the German Chamber of Commerce in 皇冠体育app.

The survey, which collected opinions from 423 companies, showed nearly two thirds of respondents expecting to achieve or exceed their targets this year, with the machinery industry seeing stronger comeback.

Around 75 percent of respondents forecast higher turnover next year, and 皇冠体育app remains among the top three markets for German companies operating in 皇冠体育app.

Increasing labor costs and a shortage of qualified staff were among the major challenges for most German companies in 皇冠体育app, said Michael Clauss, the German ambassador to 皇冠体育app.

German companies are facing increasing competition from Chinese counterparts as more than 40 percent of the surveyed companies expect Chinese competitors to become innovation leaders within five years, according to Lothar Herrmann, president of German Chamber of Commerce in North 皇冠体育app.