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News in english 19. jun. 2012 KL. 08.59

Chinese billions, Danish millions

The Chinese presidential visit gave China billions in export agreements. The visit was not so lucrative for Denmark.

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The bottom line following the recent Chinese presidential visit is that billions went to China while Denmark, for the moment, has to make do with millions.

In the three days that the visit lasted, Danish and Chinese companies signed agreements totalling some DKK18billion, according to Information. But most of that was Danish investment in China, while the oncoming traffic to Denmark totalled a few hundred million.

“China has only begun to scratch the surface in investing in Europe – but it is one of the places in the world where there is capital available for investment,” says Confederation of Danish Industries (DI) China Adviser Nis Høyrup Christensen.

“It is worrying that there is not too much Chinese investment in Denmark. The problem is that it is not until recently that Denmark has become interesting for the Chinese,” he tells Information.

According to DI’s calculations, Danish companies are currently investing some DKK300billion more abroad, than foreign companies are investing in Denmark.

“The result following the presidential visit shows that Denmark is following the trend in the rest of the world. China is the country that is attracting investment,” Høyrup Christensen says.

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Edited by Julian Isherwood