Brussels: EU’s direct investment in China falls in 2007

21 May 2008

Brussels, Belgium, 21 May – The European Union’s (EU) direct investment in the People’s Republic of China, excluding Hong Kong and Macau, fell from 6 billion euros (US$9.3 billion) in 2006 to 1.8 billion euros in 2007, according to figures from Eurostat.

Direct investment by China in the EY also fell from 2.2 billion euros in 2006 to 0.5 billion euros in 2007.

Overall foreign direct investment in the EU rose 89 percent from 169 billion euros in 2006 to 319 billion euros in 2007.

In 2007 the EU remained China’s biggest economic partner whilst China remained the EU’s second-biggest trading partner.

In 2007 EU companies carried out 420 billion euros in foreign driect investment, according to Eurostat.

The United States was the biggest destination fro European investment, receiving 112.6 billion euros in 2007, followed by Canada (58.3 billion euros), Russia (17.1 billion euros), India (10.9 billion euros) and Brazil (7.1 billion euros.

The list of investors in the EU is also headed by the United States (144.5 billion euros), Switzerland (28.6 billion euros), Japan (17.8 billion euros), India (9.5 billion euros), Canada (9.5 billion euros) and Brazil (1.9 billion euros). (macauhub)