2020年CRI Companies in Spain witness surging investments from China

 

In recent years, the economic and trade relations between China and Spain have developed rapidly, with both bilateral¹ trade volumes and China's direct investment in the country increasing rapidly.

KPMG Spain, the country's branch of one of the world's four largest accounting² firms, has been a witness to this change.

Trade between China and Spain totaled 31 billion U.S. dollars in 2017, marking a year-on-year increase of nearly 13 percent, and making China Spain's largest trading partner outside of the European Union.

Enterprises from China have shown a growing interest in Spain, as shown by the growing volume of direct investment. Figures released by Spain's government show that China's direct investment in Spain was 1.7 billion Euros in 2016, a fourfold increase over the previous year.

Li Ya, senior manager of the China section of KPMG Spain, said the growth in investment was significant.

"Before 2014 and even during the five years from 2010 to 2014, total investment from China was less than 1 billion Euros. From 2015 onward³, the annual investment from China surpassed 1.5 billion Euros, even reaching 1.8 billion Euros in recent years."

As Li Ya explains, the targets for investment have widened from real estate, and the hotel and food industry, into other spheres.

"The fields attracting Chinese investors⁴ include not only consumer goods and consumption-related industries, but also energy and infrastructure⁵, because Spain's infrastructure building capability⁶ is very good. Chinese enterprises are also interested in the medical industry, and the acquisition of information technology, as well as the emerging manufacturing sector⁷, such as the automobile⁸ and aviation industries."

As for the reasons for the growing interest in Spain from China's enterprises, Li Ya believes that both internal and external factors are at play.

"The first one is that Chinese people now know that Spain is an advanced industrial country, instead of just knowing its signature products, such as wine and olive oil. The second is that Spain's economy has enjoyed very good development over the past few years, and its GDP growth reached 3 percent, higher than the European Union average. The third is that Spain's government has been open to foreign investment."

China's ambassador to Spain, Lv Fan, believes that because Spain is making ongoing⁹ efforts to create more favorable conditions for foreign investment, the trade and investment ties between the two countries will continue to strengthen and grow.

1 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。

2 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

3 onward   

adj.向前的，前进的；adv.向前，前进，在先

参考例句：

• The Yellow River surges onward like ten thousand horses galloping.黄河以万马奔腾之势滚滚向前。
• He followed in the steps of forerunners and marched onward.他跟随着先辈的足迹前进。

4 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

5 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

6 capability   

n.能力；才能；(pl)可发展的能力或特性等

参考例句：

• She has the capability to become a very fine actress.她有潜力成为杰出演员。
• Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。

7 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

8 automobile   

n.汽车，机动车

参考例句：

• He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
• The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。

9 ongoing   

adj.进行中的，前进的

参考例句：

• The problem is ongoing.这个问题尚未解决。
• The issues raised in the report relate directly to Age Concern's ongoing work in this area.报告中提出的问题与“关心老人”组织在这方面正在做的工作有直接的关系。