New information reveals that Chinese companies and investors have Norway on the map. In fact, the Chinese investment in Norway is bigger than in the other Scandinavian countries. Given the interest in China, Innovation Norway, Invest in Norway and the embassy just arranged a Chinese-Norwegian investment conference in Beijing.
Chinese outward investment
Estimates from international agencies suggest that China will be the world’s biggest outward investor within 2020, surpassing the US. To give you an understanding of the size; in 2013 China invested 107 bill. USD abroad, and the growth is expected to be at about 17% pr. year. So far, Chinese investors have established more than 25.000 companies abroad.
It is further a fact that China now is more and more about moving up the value chain and looking for investments options in high and green technologies, buying into established brand names, business know how and supply chains. This also means that Europe will be more and more on the agenda.
In Norway, about 5,45 bill. USD has been invested by Chinese, first and foremost through acquisitions of companies like Elkem, REC and Awilco, but also greenfields like Huawei.
In order to help Chinese companies and potential investors understand our economy, culture, social environment and relevant investment opportunities as well as strengthen the Norway‐China bilateral relationship, Innovation Norway, the Royal Norwegian Embassy and Invest in Norway hosted the 2nd Norway China Investment Conference on October 27, with about 130 participants. From the Norwegian side, Invest in Norway, Business Region Bergen and Oslo Medtech were some of the speakers, whereas huge Chinese companies like Alibaba and Fosun Group gave their view on the situation. During the conference, many interesting bilateral talks were held, to be followed up in the months to come.