The Business Confidence Survey 2019 was conducted between October 23 to December 3, 2019. Of the 251 contacted respondents among German business representatives, 103 participated in the survey, resulting in a response rate of 41%.
Summary:
The German companies operating in Taiwan remain confident about the development of the Taiwanese economy over the next three years. 40% of them are planning to invest in Taiwan within the next two years. About two thirds of the German companies have already been positively impacted by current government programs. Among them, the “Action Plan for Welcoming Overseas Taiwanese Businesses to Return to Invest in Taiwan” was the program from which German companies have benefitted most. Furthermore, German companies have a high opinion of the qualification of their Taiwanese employees and highly value Taiwan’s social stability/security, its legal certainty as well as its cyber and data security.
However, the slowdown of the global economy has slightly dampened the mood among the companies and is considered to be the biggest uncertainty factor for positive business results in the near future.
Key figures of the Business Confidence Survey 2019:
- 97% would choose Taiwan again as a business location
- 62% consider the global economy to be the biggest business challenge
- Only 34% were able to achieve their business targets in 2019, constituting a five-year low
- 64% highly value the qualification of their Taiwanese staff
- 66% have already profited from current government programs
- 41% expect the Taiwanese economy to improve within the next three years, while 46% expect it to remain similar or unchanged
- 40% are planning to invest in Taiwan within the next two years