Exclusive-German investment in China eases in H1 after record high

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

By Sarah Marsh BERLIN (Reuters) - German direct investment in China eased in the first half of the year albeit remaining close to its record high in ...

By Sarah Marsh BERLIN - German direct investment in China eased in the first half of the year albeit remaining close to its record high in 2022 and increasing as a share of the country'sMusicians, humour and stories galore help Bruce Guthro's Celebration of Life | SaltWireBERLIN - German direct investment in China eased in the first half of the year albeit remaining close to its record high in 2022 and increasing as a share of the country's overall investment abroad, according to...

The data underscores concerns that German firms continue to invest heavily in China despite the government's pleas for companies to reduce their exposure and its sharp cut in investment guarantees for the country. "The trend towards China remains mostly unchanged also this year," said IW analyst Juergen Matthes."Although the German economy is overall investing much less abroad, new direct investments in China remain nearly as high as before."Germany's government has in recent months urged businesses to reduce their strategic dependencies on China given its view that Asia's rising superpower is a growing threat to global security.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in US

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Exclusive-German investment in China eases in H1 after record highGerman direct investment in China eased in the first half of the year albeit remaining close to its record high in 2022 and increasing as a share of the country's overall investment abroad, according to official data analysed by the IW institute. Investment in China dropped to 10.31 billion euros ($11.02 billion) in the first half of 2023 from 12 billion euros in the first half of last year, the IW said in an analysis shared exclusively with Reuters. The data underscores concerns that German firms continue to invest heavily in China despite the government's pleas for companies to reduce their exposure and its sharp cut in investment guarantees for the country.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

German recession could benefit Spanish companies, minister saysMarket News
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »