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Germany invests in China at record level

Germany invests in China at record level

In 2023, German direct investment in China increased by 4.3% and reached a record high of $12.7 billion, according to official data from the German Central Bank, cited by Reuters.

Source:https://www.reuters.com/markets/german-investment-china-rises-new-record-high-2024-02-14/

The share of investment in China in Germany’s total overseas investment rose to 10.3% last year, the highest since 2014. At the same time, German direct investment in other Asian countries remained at the same level of about 8%.

According to a report by the IW Institute, German companies have invested as much in China in the past three years as in the previous six years.

The share of German companies leaving the Chinese market or considering doing so has doubled over the past four years to 9%, according to a study by the German Chamber of Commerce and Industry in China. Total German foreign direct investment fell to €116 billion last year from around €170 billion in 2021 as the European economy was close to recession.

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