Study: German Business in China | Page 6

German Business in China – Greater Shanghai Innovation Survey 2018/19 About this report Background For over 20 years, the German Chamber of Commerce in China has been committed to advancing Sino-German business relations. To provide German companies with leading market intelligence and industry insights, the underlying question of our daily operations is: What is the near future going to be like for our member companies here in China? We at the German Chamber of Commerce in China try to see the bigger picture: as part of the larger AHK network, we are in 140 locations in 92 countries, with about 47,000 member companies and want to anticipate market developments and, most importantly, present future-oriented and well-informed business strategies. In 2017, we launched the Greater Shanghai Innovation Survey, in cooperation with Tongji University and goetzpartners Management Consultants with the intention to provide an indepth, empirically founded understanding of the innovation behaviors of German companies. This year, thanks to the participation of more than 100 manufacturing companies, we can again present you with the characteristics and challenges of innovation of German companies in this fast-moving economy. Research objectives Specifically, this survey aims to find answers to the following questions: � How important is innovation for German manufacturing companies in China? � What types of innovation are they engaging in? � What are the key drivers and challenges of doing innovation? � What are the characteristics of “German innovation made in China”, e.g. with respect to speed, local responsiveness, and innovation collaboration? � How are German companies dealing with restrictions imposed by the regulatory environment? � How do German companies in China engage in digitalization and Industrie 4.0? 5