CIFIT: Chinese Investments in Germany Increasing Despite the Crisis

Germany Trade & Invest
2010-09-03 02:40 1357
BERLIN and XIAMEN, China, Sept. 6 /PRNewswire-Asia/ -- 

Chinese investor interest in Germany continued to increase despite the economic downturn. Germany Trade & Invest will be presenting opportunities for Chinese companies to benefit from the excellent investment conditions in Germany at this year's China International Fair for Investment and Trade (CIFIT) from September 8 - 11 in Xiamen, the largest fair on the subject of investment promotion in China.

There are currently ca. 800 Chinese companies active in Germany. According to the most recent data made available this year from the Deutsche Bundesbank, Chinese FDI stocks in Germany increased by 33 percent to EUR 568 million in 2008 compared to the previous year, despite the global economic downturn. According to Financial Times Group's fDi Markets database, the number of investment projects in 2009 more than doubled in comparison to 2008. Germany thereby accounted for 41 percent of all Chinese investment projects in Europe.

The combination of Europe's strongest economy and largest market, together with a reputation for high quality "Made in Germany" products, make Germany the ideal springboard for Chinese companies to establish their products and services in the highly profitable European market. Several well known Chinese companies, such as Huawei, Sany and ZTE, have already gained a foothold in Germany, while an increasing number are discovering Germany's attractive investment environment. Sun Shubao, General Manager of Haier Europe, confirms these sentiments: "Germany is our strategic focus. It is necessary in our industry to come to Germany since it represents the largest market in Europe. This creates major advantages for our company, making an investment in Germany an absolute necessity for Haier."

Germany Trade & Invest will be represented for the sixth consecutive year with a stand at this year's CIFIT. Representatives from Germany Trade & Invest will be present along with the federal states of Bavaria, Brandenburg, Hamburg, North Rhine-Westphalia, Rhineland-Palatinate, as well as the Frankfurt Rhine/Main region. The stand will be located in building 1 with the number D069.

Germany Trade & Invest is the foreign trade and inward investment promotion agency of the Federal Republic of Germany. The organization advises foreign companies looking to expand their business activities in the German market. It provides information on foreign trade to German companies that seek to enter foreign markets.

For more information, please contact: 

Germany Trade & Invest
Cao Yi
T: +49(0)30-200099-163
F: +49(0)30-200099-111
Source: Germany Trade & Invest