A pair of mechanical arms are displayed during the Hannover Messe in Hannover, Germany, on April 18, 2023. Germany's leading trade fair for mechanical and electrical engineering kicked off on Monday in Hannover, with the theme of "Industrial Transformation - Making the Difference."(Photo: Xinhua)

China will continue to create first-class business environment to attract investors including German companies to continue to invest in China, the Ministry of Commerce (MOFCOM) said on Thursday.  

The comments came on the back of data showing increased investment from German into China in 2023, data from MOFCOM showed that Germany's actual investment in China increased by 21 percent year-on-year from January to August.

The leadership of high-level exchange visits is playing one of the important reasons behind, He Yadong, spokesperson of MOFCOM said at the regular press conference on Thursday.

In November last year and June this year, the leaders of China and Germany exchanged visits and held a series of activities such as the China-Germany Economic and Technical Cooperation Forum and Sino-German Entrepreneurs Roundtable, which released a positive signal that the two governments firmly support China-Germany economic and trade cooperation.

These moves have effectively boosted the confidence of enterprises in the two countries in investment cooperation, He said. 

China and Germany share promising prospects in auto industry and other parts of the economy, Chinese Vice Premier Ding Xuexiang, said in a meeting with Oliver Blume, Chairman of the Group Board of Management of Volkswagen Group, the largest carmaker in Europe, on Wednesday.

Ding noted that China and Germany should work together to promote trade and investment liberalization, jointly safeguard the stability and security of global industrial chains, and contribute to world economic growth.

He from MOFCOM said that the attractiveness of investing in China is also an important driver behind the positive investment data. 

This year, the MOFCOM held a series of events to attract investment and executives from German multinational companies are flocking to visit China to seek new opportunities. At the same time, MOFCOM organized delegations to Germany to attract investment.

These German corporate executives are optimistic about China's economic development prospects, confident in investing in China, and are willing to continue to increase investment in China, He said.

To further attract investment, MOFCOM has taken a series of measures to help companies to solve problems. 

From January to August, actual investment by German companies in China in the fields of electromechanical equipment manufacturing and chemical manufacturing increased by 172 percent and 91 percent respectively, MOFCOM said. 

Looking forward, China will continue to create a market-oriented, legal and international first-class business environment, attracting investors including German companies to continue to choose China, invest in China, and share the dividends of China's development, He said.