EU investments in China soar to new quarterly record of US$3.9 billion

Quick Summary:

Germany’s Volkswagen, BMW and BASF are the top three investing businesses, according to Rhodium Group analysis.

The investment surge comes despite a rise in trade tensions between the EU and China, partly centred on the automotive sector.

This was the highest quarterly level on record and well above the average quarterly EU investment of €1.8 billion since 2022.

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Article Details

Author / Journalist: Finbarr Bermingham

Category: Business

Markets: Hong KongChinaGermanySweden

Topics: Makers Us$3 Greenfield Soar Quarterly German Investment Record Group China Investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 14:00:08 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 240 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 23345860

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