With slowing growth in China, domestic investors have been eyeing foreign companies. Own attractiveness as an investment destination continues to decline, but direct investment abroad surges.
China's non-financial outward direct investment (ODI) jumped 36.1 percent to $ 34.97 billion (€ 30.72 billion) in the first four months of 2015, the Ministry of Commerce of the country on Friday.
China has been actively acquiring foreign assets, particularly energy and resources to boost its economy, as it encourages its businesses to make overseas acquisitions to gain access to markets and international experience.
Investment in the European Union jumped by 487 percent, mainly due to a petrochemical deal in the Netherlands, while it increased by 33.5 percent in the US, the ministry said, declining to elaborate.
ODI in Germany increased 246 percent year-on-year in the first quarter to $ 210 million, ministry spokesman Shen Danyang told reporters.
The two economies are "completely complementary" and Beijing continue to "encourage and support" Chinese companies to invest in Germany, he said.
Germany Trade & Invest, the economic development agency said in a report last month that China was the largest greenfield investment in the country in 2014, with 190 projects. The greenfield investment term refers to the creation of multinational greenfield operations in a foreign country, usually a developing economy.
"The investment cooperation can not only help Chinese companies gain advanced technology and international distribution networks to improve competitiveness, but can also benefit German companies with market access in China and expand its market share" Shen said.
Chinese Commerce Ministry reported Wednesday that foreign direct investment (FDI) during the same period jumped 11.1 percent from a year earlier to $ 44.5 billion. For the month of April, FDI rose 10.5 percent from a year earlier to $ 9.6 billion, he said.
From January to April, the EU investment in China increased 22.2 percent to $ 2.52 billion.
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