Germany 'an appealing site' for expansion_美文

Germany 'an appealing site' for expansion

The debt crisis has opened a door. The market value of the eurozone's 50 biggest companies fell 17 percent in 2011, though it has recovered about 8 percent this year, Reuters reported.

China's M&A investment in Europe accounts for 34 percent of its total overseas direct investment.

Chinese companies have been exploring investment opportunities in Germany, Europe's largest economy and home to many companies famed for technological know-how and mature brands, which are especially attractive for Chinese companies.

Officials at Germany Trade & Invest told Chinese media that many Chinese enterprises are seeking opportunities to develop their own brands and technology by investing in Germany, instead of solely acting as raw materials suppliers.

According to He, China's investment should focus on advanced technology and renewable resources.

The EU is China's most important source of technology and top trading partner.

Germany is China's most important trading partner in the European bloc.

To transform its economy, China needs to increase imports of equipment, key spare parts and better-quality consumer goods from Germany, combining Germany's industrial advantage and China's market demand, Sun said.

In 2011, bilateral trade reached $169.2 billion, up 18.9 percent from a year earlier, accounting for 30 percent of the nation's total trade with the EU.