In The First 9 Months Of 2011, The Volume Of Trade Between China And Germany Reached US $127 Billion.
Ambassador Wu Hongbo also pointed out that mutual investment between China and Germany is not balanced. By the end of August 2011, Germany's investment in China had reached US $18 billion 30 million, while China's investment in Germany was only 1 billion 730 million.
Ambassador Wu Hongbo said that Chinese enterprises have entered Germany by means of mergers, acquisitions and equity participation. At present, more than 1300 Chinese funded enterprises have set up branches and representative offices in the country. Most of them are concentrated in Hamburg, Frankfurt, Dusseldorf and Cologne, among which Shenyang machine tool group, HUAWEI company and Sany group have acquired.
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