China remained the biggest investing country in Germany in terms of project numbers in 2016, reports Xinhua News Agency.

 

新华社报道，2016年中国仍是德国投资项目数量最多的国家。

 

According to a report released on Thursday by Germany Trade & Invest (GTAI), the country's official investment promotion¹ agency, Chinese firms invested in 281 green field projects or expansion projects in Germany in 2016, an 8% increase from 2015.

 

Thus, China has become the biggest source of investment in Germany for the third consecutive² year, followed by the United States with 242 projects and Switzerland with 194.

 

Dr. Benno Bunse, CEO of GTAI, said the figures demonstrate Chinese enterprises' confidence in Germany as an investment destination, adding that more and more Chinese companies have upgraded their brand images and technologies by investing in Germany.

 

The report also shows that the projects invested by Chinese companies last year are expected to create 3,900 jobs in Germany, hitting a new record high.

 

Chinese investment has mainly gone into business and financial services, machinery³ & equipment, electronics & semiconductors⁴, as well as the automobile⁵ industry, according to the report.

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