German firms bullish on China

German companies are looking to increase their investments in China's modern manufacturing sector as the country transitions to a more moderate phase of growth, the German Chamber of Commerce in China said on Tuesday.

Sixty-five percent of German companies are planning new investment activities in China's automotive, machinery and chemicals sectors, according to the Business Confidence Survey 2015, conducted by the chamber between May 11 and June 12.

The survey interviewed 439 companies on issues related to business outlook, investment climate and market conditions.