Abstract
This paper analyses how China’s investments in Germany have developed over time and the potential impact of the COVID-19 pandemic in this regard, based on four different datasets, including our own survey in mid-2020. Our analysis shows that Germany is currently one of the most attractive investment destinations for Chinese investors. Chinese state-owned enterprises have played an important role as investors in Germany — particularly in large-scale projects. The COVID-19 pandemic has had some negative but rather temporary effects on Chinese investments in Germany. Germany is expected to stay attractive to Chinese investors who seek to gain access to advanced technologies and know-how in the future.
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We would like to thank Frank Bickenbach and Holger Görg for their valuable comments on an earlier version of this paper and Michaela Rank for her research assistance. Xia would like to express gratitude to the Humboldt Foundation for its financial support for her one-year research stay at the Kiel Institute for the World Economy.
Xinming Xia, Peking University, China.
Wan-Hsin Liu, Kiel Institute for the World Economy; and Kiel Centre for Globalization, Germany.
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Open Access: This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (https://creativecommons.org/licenses/by/4.0/).
Open Access funding provided by ZBW — Leibniz Information Centre for Economics.
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Xia, X., Liu, WH. China’s Investments in Germany and the Impact of the COVID-19 Pandemic. Intereconomics 56, 113–119 (2021). https://doi.org/10.1007/s10272-021-0962-0
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DOI: https://doi.org/10.1007/s10272-021-0962-0