EXCLUSIVE-German guarantees for China investments plummet -document ...Middle East

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EXCLUSIVE-German guarantees for China investments plummet -document
source : Devdiscourse ( Middle East ) () 49
The volume of investment guarantees provided by the German government to companies investing in China has collapsed this year, a government document showed, highlighting the impact of Berlin's efforts to end over-reliance on the country. Only 51.9 million euros ($56.26 million) in guarantees have been issued so far this year, according to the document seen by Reuters, less than a tenth of the 745.9 million euros in guarantees issued over the whole of last year.

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