China becomes biggest investor in Germany

GMT 01:45 2015 Wednesday ,29 April

Arab Today, arab today China becomes biggest investor in Germany

Achim Hartig, the investment chief of GTAI
Beijing - QNA

China became the biggest investing country in Germany in 2014 with a record number of investment projects, an official report showed.

Last year, China invested in 190 greenfield projects in Europe's biggest economy, outpacing the United States and Switzerland which ranked the second and third with 168 and 130 projects respectively, said Germany Trade and Invest (GTAI), Germany's official economic promotion agency.

Compared with the previous year, the number of greenfield projects from China increased by 37 percent in 2014, according to China's (Xinhua) News Agency.

"China is a very important investment source country for Germany," said Achim Hartig, the investment chief of GTAI, "More and more Chinese companies plan to expand their European market by investing in Germany and to strengthen the influence of their brands." According to the report, electronic and semiconductor, mechanical engineering, financial service, information and telecommunication technology and software were the leading sectors that attracted the most Chinese capital.

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