Report shows that the number of Chinese companies invested in Germany reached a new high last year

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Berlin, May 14 (Reporter Che Yunlong) The “2023 Report on Foreign Enterprises ‘Investment in Germany” released by the German Federal Agency for Foreign Trade and Investment on the 14th shows that Chinese companies’ interest in German investment has increased significantly. Last year, the number of investment projects in Germany reached a new high since 2017, an increase of nearly 42% over the previous year.

The report shows that a total of 1759 foreign investment projects settled in Germany last year, roughly the same as in 2022. Among them, the number of Chinese investment projects in Germany is 200, ranking third, after the United States and Switzerland.

The report said that Chinese companies ‘investment in renewable energy increased significantly last year, and the number of projects was about three times that of 2022, accounting for about one-fifth of the total number of projects. Other major investment areas include machinery manufacturing and electronics.

Thomas Boyan, author of the report and an expert at the German Federal Agency for Foreign Trade and Investment, said that China has been one of Germany’s most important sources of foreign investment for many years and has a wide range of investment industries in Germany.

The German Federal Agency for Foreign Trade and Investment is the German government’s agency responsible for foreign trade and inward investment, providing advice and support to foreign countries entering the German market. The agency publishes a report on foreign companies ‘investment in Germany every year. All the counted projects are greenfield investment or expansion projects, and mergers and acquisitions are not included in the statistical scope.