China continued to be one of the leading sources of foreign direct investment (FDI) in Germany last year, nearly unchanged from 2023, according to a report released on Monday by Germany Trade and Invest (GTAI), the federal agency responsible for promoting foreign investment.
Chinese companies initiated 199 FDI projects in Germany last year, nearly matching the 200 projects recorded in 2023. Among all source countries, China ranked third, following the United States and Switzerland.
The report noted that Germany attracted a total of 1,724 FDI projects in 2024, excluding mergers and acquisitions. This represents a slight decline from 1,759 projects in 2023 and 1,783 in 2022.
Specifically, China's main investment sectors are electronics and automation, accounting for 25 percent, energy and raw materials account for 21 percent, and transportation and logistics account for 19 percent, according to the report.
In terms of business forms, marketing and sales projects account for 41 percent, production and research and development projects account for 26 percent, and projects positioned as European headquarters account for 11 percent, according to the report.
"In recent years, China's greenfield investment in Germany has remained stable. Direct investment from China, especially the greenfield investment, has always been among the top. Of course, China's technological strength has played a key role here and has also promoted bilateral cooperation," said Achim Hartig, managing director of GTAI.
China remains among top investors in Germany last year: official report
