German firms' China market sentiment falls to record low, survey shows

FILE - In this photo released by Xinhua News Agency, Chinese Foreign Minister Wang Yi, right, meets with German counterpart Annalena Baerbock before the seventh round of China-Germany Strategic Dialogue on Diplomacy and Security in Beijing Dec. 2, 2024.

Business sentiment among German companies in China is at an all-time low, a German business lobby group said on Wednesday, as they face rising Chinese competition and a slowing economy.