In 2020, China has invested in Poland almost as much as in all years so far
23:04
In 2020, Poland was one of the main recipients of Chinese investments in the European Union. Last year, their total value could reach approximately $1 billion, reports the Polish Economic Institute (PIE). According to the National Bank of Poland, by 2019 the cumulative value of Chinese foreign direct investments in Poland amounted to $1.2 billion. This means that last year's capital inflow could raise their total value by as much as 83 percent, to $2.2 billion. In other words, China invested in Poland in 2020 almost as much as in all the years taken together.
Last year, more funds were invested only in Germany and France.
The Singapore-based GLP company, which manages mainly Chinese funds, came to Central and Eastern Europe. It decided to invest over $1 billion in assets of the Goodman Group, of which $800 million was assigned to Poland. It was the largest Chinese investment located in the EU in 2020.
Germany is the largest recipient of Chinese foreign direct investment in the EU. Last year, they recorded the largest inflow (approx. $2 billion). The accumulated value of investments from China in our western neighbor may exceed $24 billion in the last two decades.
At the same time, Germany's first position in this ranking results primarily from the fact that Great Britain left the EU, which in the same period enjoyed Chinese investments with a total value of approx. $51 billion.
