China leaves top three foreign investors in Germany
Official data has showed that China dropped out of the top three foreign investors in Germany for the first time in more than a decade as the Chinese government focuses on boosting the domestic economy.Germany Trade & Invest (GTAI), a government institution, said that China is now the fourth largest contributor of foreign direct investment to Germany, behind the United States, Britain and Switzerland.GTAI managing director Robert Hermann said the drop to an economic strategy promoted by the Chinese government that focuses on stimulating the domestic economy was related to investments in infrastructure as well as in research and development.“The Chinese government regulates capital exports,” Hermann said. “It’s increasingly focused on boosting investments domestically.” The data reveal...