German media: The "fundamentals" of Germany's investment in China have not changed. Maximilian Butek (known as Ma Mingbo), Executive Director and Board Member of the China Chamber of Commerce for Germany in East and Central China, who is based in Shanghai, told DW in an interview that despite some problems in the short or medium term, most German companies still have confidence in the Chinese market and believe that the "basic data" of the Chinese economy has not changed. "Our survey shows that more than 50% of German companies plan to continue investing in China, and most of these investments will be used for research and development," he said, because the "basic data" of China has not changed: a huge market, a production base facing the globe, and a talented, well-trained workforce." However, Ma Mingbo also confirmed that there are currently fewer new investments in China, meaning that few new enterprises that have not yet ventured into China are coming. Even if there are, they are some enterprises that previously supplied goods to China and now face competitiveness issues due to rising energy prices, insufficient infrastructure and digital updates, and a shortage of specialized talent. "These enterprises, if they want to continue providing competitive products but face high costs, will transfer production to China and make new investments," he said. Meanwhile, German companies that see their competitive advantages in China disappearing are unlikely to invest in China again. He also mentioned that the products of German companies in China are mainly concentrated in the high-end field, which is where the competitive advantage of German companies lies. "My prediction is that investment in China will still mainly come from reinvestment by enterprises already producing in China," Ma Mingbo said. Source: DW [Image: //p3-sign.toutiaoimg.com/tos-cn-i-ezhpy3drpa/6e5458d426644076acb121561c00d404~tplv-obj:1200:525.image?_iz=97245&bid=15&from=post&gid=1829402196426948&lk3s=06827d14&x-expires=1752364800&x-signature=hrUDa%2FakvJTI2nSxwOKuNzbQ%2BuA%3D] Original article: https://www.toutiao.com/article/1829402196426948/ Disclaimer: This article only represents the views of the author.