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China continues to invest in Europe

Last year, the People’s Republic’s Outbound Foreign Direct Investment (OFDI) increased by 2.2 percent despite Covid and political tensions, according to Beijing’s Ministry of Commerce. Measured in dollars, this represents a year-on-year increase of 9.2 percent. Accordingly, investments amount to $145 billion. These figures show: China’s interest in foreign countries has not waned, despite the ongoing debate about isolation and decoupling. Among its biggest projects are new battery factories in Germany.

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