Poland was among the leading EU destinations for Chinese investment in 2020, the Polish Economic Institute (PIE) announced on Thursday.
According to the institute, the total value of Chinese investment projects in Poland last year could be estimated at approximately $1 billion (USD). The institute added that the only two EU countries with more Chinese investments were Germany, with an estimated value in projects of $2 billion, and France, also with $1 billion.
PIE also said that most of China’s investment operations in Poland were linked to two major logistic projects.
“The scale of last year’s Chinese investment in Poland is all the more surprising given that in 2020 it was at its lowest level in the European Union since 2013. In 2020, China invested a total 7.5 billion USD in Europe, a 44% drop from the preceding year,” PIE said.
At the global level, Chinese investments also fell by 37% from $53 billion to $34 billion, down from a record $139 billion in 2017.
Chinese investors have shown relatively little interest in countries from the Visegrad group. From 2019, the largest inflow of Chinese capital was recorded by Hungary ($2.4 billion), followed by Poland and the Czech Republic, with $1.2 billion and $1 billion respectively. Slovakia trailed behind with $0.1 billion in Chinese investments, PIE reported. (Mateusz Kucharczyk EURACTIV.pl)