CzechInvest negotiated an investment with China for an amount exceeding 1 billion czk, the industries invested in will be mainly mechanical and electrical engineering, and in the automotive industry.
Currently holding a foreign office in Shanghai, CzechInvest has been situated in China for the last 14 years. They have widespread knowledge of negotiating with Chinese investors and believe strongly in building friendly relationships first, and that business follows afterwards. During this time, CzechInvest has assisted the facilitation of 12 investment projects with Chinese firms totalling 2.6 billion. This has also helped create over 1,500 jobs for the country.
Comparatively to 2014, this investments shows large growth with more in discussion that could total 5 billion czk.
“The Czech Republic is finally starting to reach the level of other countries into which Chinese capital has been flowing into since 2003. For example, China was the biggest investor in Germany in 2014 with a nearly 20% share in all investments. In the same year, China invested $12 billion in the United States and 18 billion dollars in the EU”
Karel Kučera, CEO of CzechInvest
Karel Kučera and Prime Minister Bohuslav Sobotka recently visited Shanhai as well as other areas in the country such as Liaoning, Anhui and Zhejiang to discuss other investment projects and their plans for the Czech Republic.