Since 2023, German investment in China has achieved rapid growth. According to the statistics of the Ministry of Commerce, from January to August, Germany's actual investment in China increased by 21 percent year-on-year.
In this regard, the Ministry of Commerce spokesman He Yadong held a regular press conference on the afternoon of the 12th, this analysis. He said that in the context of shrinking global cross-border capital flows, German investment in China has maintained rapid growth thanks to three reasons:
First, the guiding force of high-level exchange visits. In November last year and June this year, the leaders of China and Germany successfully exchanged visits and held a series of activities such as the China-Germany Economic and Technological Cooperation Forum and the Business Roundtable, which sent a positive signal that the two governments firmly support China-Germany economic and trade cooperation and strongly boosted the confidence of the companies of the two countries in investment cooperation.
The second is the attractiveness of investing in China. This year, the Ministry of Commerce held a series of activities of the Year of Investing in China, and senior executives of German multinational companies visited China to seek new opportunities for development. These German business executives are generally optimistic about the prospects of China's economic development, full of confidence in investing in China, and willing to continue to increase investment in China and deepen the Chinese market. At the same time, the Ministry of Commerce sent a delegation to Germany to hold a special promotion, and the local delegation to Germany to attract investment is active.
Third, the driving force of the policy mechanism. The Ministry of Commerce has given full play to the role of special working groups on key foreign-funded projects at all levels, round-table meetings of foreign-funded enterprises and other mechanisms to help enterprises solve difficulties and problems in development and operation and project implementation. Since last year, the effects of special policies introduced by the Ministry of Commerce have gradually emerged. From January to August, the actual investment of German enterprises in China in mechanical and electrical equipment manufacturing and chemical manufacturing increased by 172% and 91% respectively.
"In the next step, we will continue to build a market-oriented, law-based and internationalized first-class business environment to attract investors, including German companies, to continue to choose China, invest in China and share the dividends of China's development," said He Yadong.