German firms hopeful on Made in China 2025

German 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.

More than half of German companies consider this strategy will create positive effects, even though many of them evaluate their growth in turnover and profit more cautiously than before in the 2016 fiscal year, according to the Business Confidence Survey 2016, conducted by the chamber between Sept 1 and Sept 28.

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.