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 official data analysed by the IW institute.
Investment in China dropped to 10.31 billion euros 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 inOverall German direct investment flows dropped more sharply, to 63 billion euros from 104 billion euros last year, as Europe's largest economy battled recession.
"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."Reuters Graphics
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Troll (2022) (2022) | ScreenRantAll the latest movie news, movie trailers & reviews - and the same for TV, too.
Read more »
Exclusive: EU to ask China at UN to push Russia towards 'just peace' in UkraineEuropean Council President Charles Michel will ask China directly at the United Nations Security Council to do more to push Russia towards a 'just peace' in Ukraine, according to his draft speech seen by Reuters at the UNGA.
Read more »
Highlights from State of the Climate 2022A third year of La Niña, a record-setting underwater volcanic eruption, and drought expansion. These are just a few of the highlights of the State of the Climate 2022 report.
Read more »
It’s Getting Easier For US Car Owners To Go ElectricSince the beginning of 2022, electric vehicle sales in the United States have been downright electrifying.
Read more »
Emancipation (2022) | ScreenRantBased on the true story of a man named Gordon in the 1860s, Emancipation tells the tale of an enslaved person named Peter, played by Will Smith, who escapes from a Louisiana plantation. The film is an action/thriller that shows Peter's journey as he tries to avoid murderous hunters that will stop at nothing to catch him. Finally, Peter escaped to the North and joined the Union Army to stop the slave trade in the south and fight for true emancipation. The true story of Gordon featured the famous photographs of Peter's whipped back, which became a central focal point for strengthening the abolitionist movement of the time.
Read more »
Ripple Partner Registered 20x Increase in ODL Usage in 2022Malaysia-headquartered Tranglo reports over $2 billion in transactions processed during H1, 2023
Read more »