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China becomes number one FDI target for German companies
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Reading:758 Origin：Guangzhou Cucheng Service Group Refresh time:2011-4-29 |
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For the first time China is the number one target area for foreign investment committed by German companies, according to an economic survey of the Association of German Chambers of Industry and Commerce (DIHK) in Berlin conducted in 2011.
German manufacturers see China less as a low cost production destination but as a consumption market. Increasing wealth and domestic consumption in China is attracting companies which hope to be closer to the market.
According to the survey the German companies’ investment focus is on emerging markets and overall FDI activity increased 6 percent year-on-year. And for 82 percent of German companies’ market development and customer service is the key driver for investing in China. |
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