In June 2022, the German Chamber of Commerce in China, in cooperation with BearingPoint, published the results of the German Chamber’s Innovation Survey 2022. Results show that while local competition is increasingly growing stronger, German companies in China are additionally facing a challenging regulatory environment as well as a lack of strategic networks and partners in their innovation activities. German companies are meeting these challenges by localizing their innovation activities and increasingly conducting R&D in China for the Chinese, as well as global markets.