China’s direct investment in Germany fell for a second consecutive year in 2018, the German government agency Germany Trade & Invest (GTAI), trade and investment agency said, pointing to tightening over capital outflows and the weak RMB, said Caixin.
Chinese companies completed 188 greenfield investments in Germany last year, a decline of 13.8% from the previous year, according to a report released by the government agency.
In 2017, Chinese companies completed 218 greenfield investments in Germany, a decline of 22.4% year-on-year.
Jürgen Friedrich, CEO of GTAI, said that the slump has come as China is tightening its foreign exchange controls and implementing a stricter approval process for outbound investments, reported Caixin.