18
March
2017


Share on networks

  • Chinese investment in Catalonia makes up half of all that in Spain
  • There are currently more than 80 Chinese-owned companies operating in Catalonia

According to the ESADE 2016-2017 report on Chinese investment in Europe, Chinese investment in Catalonia kept a good pace, despite the slowing growth of this Asian giant. Year after year, Catalonia is reaffirming its position as a gateway for Chinese capital to Spain, Europe and Latin America. Globally, Chinese investment abroad totaled €187 billion last year, up 65% year on year.

Chinese capital has reached Catalonia progressively. There are currently more than 80 Chinese-owned companies operating in Catalonia. With regard to the figures from 2015, the latest available, Chinese firms invested €160 million in Catalonia in existing companies (€60 million) and newly established ones (€100 million). This made up roughly half of all Chinese investment in Spain.

The report points out that private Asian companies seek access to the market to obtain technological expertise and build large global brands to bring prestige to Chinese products and help improve the value chain to be more competitive in national and international markets. On many occasions, they are also looking to purchase a consolidated brand to expand in Europe.

In this regard, Chinese capital invested in Spain is expected to hit €350 million over the coming five years, with the bulk of this, approximately 62%, staying in Catalonia. These estimates are from the Agència Catalana per a la Competitivitat de l’Empresa (ACCIÓ).

In recent years, investment by the Asian giant in Catalonia has held steady. In 2014, Hutchinson invested €150 million in expanding its terminal in the Port of Barcelona. In 2015, state-run Bright Food purchased the Miquel Alimentació distribution group and the China Construction Bank entered the Spanish market with its headquarters in Barcelona. Then, in 2016, Rastar purchased the RCD Espanyol soccer team and the company AVIC acquired the automotive and aeronautical technology firm Aritex.

 

 [03/21/2017]

Share on networks

Related news

La Conselleria d'Hisenda ha aprovat un projecte per a transformar part de l'edifici de la Borsa de Barcelona en un dinàmic centre financer

News

The Barcelona Stock Exchange will host a Leading Financial Center promoted by Cospace SL

L'empresa tèxtil Shanghai Jingqingrong Garment

News

Shanghai Jingqingrong Garment chooses Catalonia for its first plant outside China

ciudad de barcelona

News

Affordable housing initiative in Barcelona: Construction of 1,700 homes to address housing needs

illa diagonal barcelona

News

Factor Energía moves to the heart of Barcelona’s central business district