Latest News:  
Beijing   Light snow    3 / -2   City Forecast

People's Daily Online>>China Business

Germany thrives on Chinese investments

By Wei Aimiao (China Economic Net)

15:56, December 06, 2011

Edited and translated by People's Daily Online

Germany accounts for about half of China's total Europe-bound investments, said Cao Yi, a senior official from Germany's foreign trade and investment promotion agency.

China became Germany's second largest investor in 2009, and invested in 65 green field projects in the country in 2009, more than triple the 21 projects in 2008. The number of Germany's green field projects with investments from China was only four in 2003, 2004, and 2006, six in 2005, and seven in 2007. Michael Pfeiffer, chief executive of the agency, said that the number increased by 50 percent in 2010 from the previous year.

The steady increase in the number Chinese enterprises in Germany is inseparable from the rapid growth in China-Germany trade volume over the past 10 years. Germany imported about 76.5 billion euros worth of Chinese products, which accounts for nearly 10 percent of the country's total imports last year and made China its largest supplier of imported goods.

At present, China is Germany's third largest trading partner, following France and the Netherlands. China-Germany foreign trade surpassed that between Germany and the United States in 2009, and reached more than 130 billion euros in 2010, making China the largest trading partner of Germany following the European Union.

No matter whether one is in Hamburg, Berlin or Frankfurt, Chinese supermarkets and stores can be found, which help local residents buy Chinese food in Germany. Furthermore, there are more Chinese restaurants, and some Chinese people have opened hotels in Germany.

China has made great efforts to integrate itself into world markets since its accession to the World Trade Organization. The accession has also encouraged Chinese enterprises to invest in Germany and to make China Germany's largest supplier and second largest investor.

Email|Print|Comments(Editor:马茜)

Leave your comment1 comments

  1. Name

PD User at 2011-12-06183.39.42.*
Investing in Germany is different in investing in EU, why not?
  

Selections for you


  1. China's peacekeeping engineering

  2. Trip to 'Mars' takes its toll

  3. Sandaoyan Town

  4. Children freed from clutches of crime gangs

Most Popular

Opinions

  1. Playing the anti-China card
  2. Chinese wind power has great potential
  3. 'Diplomatic war' may escalate conflicts
  4. ASEAN benefits from China's WTO entry
  5. Chinese schools need to tune in and chill out
  6. Flexibility for progress
  7. Clear the air today for a brighter future
  8. Private sector as catalyst for development
  9. EU needs stronger economic and currency union
  10. U.S. immigration-eyed investment risky

What's happening in China

Can a ray of sun peak through the smog?

  1. Drink was 'deliberately' poisoned
  2. It's migrant payback time: govt
  3. US woman seeks her roots in Yunnan
  4. Beijing to get online water quality index
  5. Top biz school to pick students independently

PD Online Data

  1. Yangge in Shaanxi
  2. Gaoqiao in Northern China
  3. The drum dance in Ansai
  4. Shehuo in Baoji City
  5. The dragon dance