(Yicai Global) May 19 -- China remained the number one foreign investor in Germany last year, said Germany Trade & Invest (GTAI), the country's foreign trade and inward investment agency, in a recent report.
China was Germany's largest investor for a third straight year with 281 new projects in 2016, up 48 percent from 190 in 2014, and from 260 in 2015, according to the 2016 foreign investment report released by GTAI yesterday.
Through the 281 investment projects, Chinese companies created at least 3,900 new jobs in Germany last year, hitting a record high, up from 1,170 in 2015, the report indicated.
In terms of sectors, Chinese firms mainly invested in commerce and financial services (27 percent), followed by machinery manufacturing and equipment (11 percent), electronics and semiconductor (10 percent) and auto (10 percent), shows the report.
As for business branches, Chinese companies invested in sales and market support (44 percent), followed by commerce and services (15 percent), retail (13 percent) and manufacturing and research & development (11 percent).
"China has been Germany's largest foreign investor by project number for three consecutive years, indicating Chinese firms' trust in our country as an investment destination," said Benno Bunse, general manager of GTAI. "As Europe's largest market, Germany is highly attractive for Chinese investors with its strong industrial base, stable economic conditions, huge market potential and great R&D environment. More and more Chinese companies have improved their brands and technologies by investing in Germany to explore the global market," he claimed.
GTAI advises and supports foreign companies entering the German market and helps German businesses get access to foreign markets.