China is Germany's current biggest investor after pouring in support to 190 greenfield projects. (Photo : Reuters)
China became the biggest capitalizing country in Europe's biggest economy, Germany, in 2014 after pouring in investment to a total of 190 greenfield projects, an official report stated.
The report from Germany Trade and Investment (GTAI), the nation's economic promotion organization, released on Monday showed that China emerged as Germany's biggest investor, leaving the United States and Switzerland behind.
According to GTAI, U.S. invested in 168 projects, while Switzerland supported 130. Meanwhile, China's statistic is a 37-percent increase from its 2013 figure.
"China is a very important investment source country for Germany," Achim Hartig, GTAI's investment chief, remarked.
Hartig added that "more and more Chinese companies plan to expand their European market by investing in Germany and to strengthen the influence of their brands."
Cao Yi, the senior manager of GTAI's Public Relations, lauded the significant role played by China's investments in boosting the German economy and its labor industry.
"With an investment amount of more than 200 million euros (about $216.78 million), Chinese companies created over 1,700 new jobs in Germany last year," the GTAI official enthused.
The report also showed that Chinese investors heavily capitalized on mechanical engineering, electronic and semiconductor, information and telecommunication technology and software and financial service sectors.
Around 51 percent of the projects supported by Chinese firms focused on sales and market support, while 10 percent centered on manufacturing, and research and development.
In 2014, Germany attracted a record-breaking worth of foreign investments after pulling in a total of 3.2 billion pounds. The country also had an all-time high number of new investors.
