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- he survey participants also said they have a "gloomy" business outlook, attributing their pessimism to the slowdown of the Chinese economy and ongoing trade tensions between Beijing and Washington.
The US-China trade war either directly or indirectly affected 83% of respondents.
"Business expectations have dropped to their lowest level in years," the study warned, with only about a quarter of companies surveyed expecting to meet or exceed their goals this year.
German companies say their main challenges in China are related to market access barriers, legal uncertainties and technology transfer requirements. Over a third of the respondents in the survey said Beijing's efforts to "level the playing field" for foreign companies are "insufficient."