Published: August 12th, 2024,
Last updated: September 5th, 2024

As a sign of the ongoing economic challenges, German companies in China were very reluctant to raise salaries last year. According to the annual salary report published by the German Chamber of Commerce Greater China on Monday, the average salary increase of member companies surveyed was 3.9 percent, 0.9 percentage points lower than in the previous year. This is also the lowest figure since 2019 when the Chamber first surveyed companies on actual salary growth.