BEIJING, China -- German companies stuck with an anemic European market are investing in China to engineer some growth.
Automaker Daimler opened a research and development center for its luxury Mercedes-Benz marque in Beijing early last month. The strategic base for cultivating the Chinese market, built at a cost of 112 million euros ($138.16 million), is to have 500 R&D staffers by the end of 2015.
