* . * . . .
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Cookie Privacy Policy
  • DMCA
  • California Consumer Privacy Act (CCPA)
Tuesday, July 8, 2025
Love Europe
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
  • Politics
  • Business
  • Culture
  • Opinion
  • Lifestyle
  • Sports
  • Travel
No Result
View All Result
Love Europe
No Result
View All Result
Home Sweden

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

October 31, 2024
in Sweden
EU investments in China soar to new quarterly record of US.9 billion
Share on FacebookShare on Twitter
ADVERTISEMENT

Despite calls by European Union political leaders to “de-risk” economic ties with China, EU businesses’ greenfield investments there surged to record levels in the second quarter of 2024, led by German car makers.

Greenfield investments – the creation of a new company or establishment of new facilities – soared to €3.6 billion (US$3.9 billion) in China from April through June, according to the Rhodium Group consultancy.

This was the highest quarterly level on record and well above the average quarterly EU investment of €1.8 billion since 2022. German companies accounted for 57 per cent of the total EU greenfield investment in China over the first half of the year.

The top five EU corporate investors were Germany’s Volkswagen, BMW and chemicals giant BASF, Sweden’s Ingka Group – which owns furniture retailer Ikea – and Dutch-incorporated tech company STMicroelectronics.

According to the Rhodium Group analysis, car makers have accounted for roughly half of all EU investments in China since 2022. The splurge on greenfield sites is likely driven by companies’ desire to localise their production; in a bid to protect their Chinese supply chains from geopolitical tensions, more firms are manufacturing “in China for China”.

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

Source link : http://www.bing.com/news/apiclick.aspx?ref=FexRss&aid=&tid=6723204ceb6d4233bbe71c6acf02596f&url=https%3A%2F%2Fwww.scmp.com%2Fnews%2Fchina%2Farticle%2F3284530%2Feu-investments-china-soar-new-quarterly-record-us39-billion&c=1412153114770430984&mkt=de-de

Author :

Publish date : 2024-10-30 23:12:00

Copyright for syndicated content belongs to the linked Source.

Tags: EuropeSweden
ADVERTISEMENT
Previous Post

Can the United Kingdom and France Team Up in the Third Nuclear Age?

Next Post

Belarus’ UN Rights System Ties Hit Historic Low

Related Posts

Sweden

Tesla Sales Surge in Norway and Spain Fueled by Popular Model Y

Sweden

Sweden Officially Confirms Exciting Return to Eurovision 2026!

Sweden

NATO Expands Fleet with Two New Airbus A330 MRTT Aircraft and Welcomes Sweden and Denmark Onboard

ar Arabiczh-CN Chinese (Simplified)nl Dutchen Englishfr Frenchde Germanit Italianpt Portugueseru Russianes Spanish
en English
ADVERTISEMENT

Highlights

Qatar Airways Relaunches Flights to Malta with Four Weekly Connections

Montenegro Seeks Approval for Continuation Budget to Keep Projects Moving

Tragic Nightclub Fire in North Macedonia Reveals Alarming License Violations

Head of Poland’s Catholic News Agency Resigns in Bold Protest Against Bishops’ “Totalitarian” Takeover

Diogo Jota and André Silva Honored Ahead of Belgium-Italy and Portugal-Spain Showdowns at Women’s Euro 2025

Categories

Select Category

    Archives

    Select Month
      October 2024
      MTWTFSS
       123456
      78910111213
      14151617181920
      21222324252627
      28293031 
      « Sep   Nov »
      • Contact Us
      • Privacy Policy
      • Terms of Use
      • Cookie Privacy Policy
      • DMCA
      • California Consumer Privacy Act (CCPA)
      No Result
      View All Result
      • Home
      • Politics
      • News
      • Business
      • Culture
      • Sports
      • Lifestyle
      • Travel
      • Opinion

      © 2024 Love-Europe

      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Go to mobile version