POST Online Media Lite Edition



 

Chinese investment skyrockets with 246 percent increase in Germany

Staff writer |
Chinese investment was increasing rapidly in Germany and covering various sectors from manufacturing to cultural exchange, said a Chinese official in an interview with Xinhua.

Article continues below






In the first quarter of 2015, Chinese direct investment in Germany amounted to $210 million, up by 246 percent from the same period of previous year, data from China's Commerce Ministry showed. In 2014, China became the biggest investing country in Germany with a record 190 investment projects.

"Chinese investment in Germany is rocketing up in both terms of project numbers and investment values," said Wang Weidong, the Commercial Counselor of Chinese Embassy in Germany.

According to him, Chinese investment in Germany covered various sectors including finance, aerospace, telecommunication, steel, renewable energies, restaurants, tourism and cultural exchange.

Currently, around 2,000 Chinese companies were running business in Germany, its biggest trading partner in Europe. Among them were traders, manufacturers, as well as service providers.


What to read next

Chinese investment in Australia growing and diversifying
China sees record-high direct investment in U.S. in 2015
Mainland investment in Hong Kong property market soars in Q1