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MNI INTERVIEW:German-China FDI To Fall In 2024 - Snr Trade Rep

MNI (BEIJING)
(MNI) Beijing

German FDI into China will fall from its 2023 highs, while trade and market access issues will weigh on relations, a senior trade representative tells MNI.

De-risking and the diversion of capital to the U.S. could see German foreign direct investment into China fall next year to below the pre-Covid level of EUR5.5 billion after reaching a near record high of EUR10.3 billion in H1 this year, a senior trade representative told MNI.

German companies want a more levelled playing field with Chinese competitors, noted Jens Hildebrandt, chief representative at the Delegation of German Industry & Commerce in Beijing. ”The market share of German companies in their traditional strongholds has declined as Chinese firms have developed,” he said, adding a level playing field would ensure relations stabilised.

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De-risking and the diversion of capital to the U.S. could see German foreign direct investment into China fall next year to below the pre-Covid level of EUR5.5 billion after reaching a near record high of EUR10.3 billion in H1 this year, a senior trade representative told MNI.

German companies want a more levelled playing field with Chinese competitors, noted Jens Hildebrandt, chief representative at the Delegation of German Industry & Commerce in Beijing. ”The market share of German companies in their traditional strongholds has declined as Chinese firms have developed,” he said, adding a level playing field would ensure relations stabilised.

Keep reading...Show less