CHINA last year dropped out of the top three foreign investors in Germany for the first time in more than a decade, official German data showed yesterday.

Figures compiled by Germany Trade & Invest (GTAI), a government institution, reveal that China is now the fourth-largest contributor of foreign direct investment to Germany, behind the United States, Britain and Switzerland.

The data showed that the United States remains the largest investor in Germany with 302 projects last year, followed by Britain with 185 and Switzerland with 184.

China, which was the third-largest investor in Germany in 2018, dropped to fourth place for the first time since 2009, when the GTAI started compiling the data.

The data showed that 1,851 foreign firms moved to Germany last year, 10 percent less than a year earlier. (SD-Agencies)