German direct investment in China rose by 4.3% to a record high of 11.9 billion euros ($12.7 billion) last year and also increased as a share of the country’s overall investment abroad, official Bundesbank data analysed by the IW institute showed.
German companies have invested as much in China in the last three years as in the previous six years, according to the IW institute report that was obtained exclusively by Reuters.
Investment in China as a share of Germany’s overall investments abroad rose last year to 10.3%, the highest level since 2014, while German direct investments elsewhere in Asia were stagnant at around 8%.
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