Chinese companies in the Netherlands total number has doubled, from 245 to 470 between the end of 2012 and the end of 2017, Chinese companies in the Netherlands has contributed more than 1 billion euros to the Dutch economy, according to CBS.
Since the total number of Chinese companies in the Netherlands has doubled, the contribution of those Chinese businesses in the Netherlands to the Dutch economy is increasing almost quadrupled in the same period to more than 1 billion euros, according the same data.
Chinese companies in the Netherlands active in wholesale
Chinese companies in the Netherlands engaged in wholesale businesses. statistically speaking, 4 in 10 Chinese companies in the Netherlands are operating in wholesale trade sector.
Of the 470 companies under Chinese ownership in the Netherlands, 195 are active in wholesale trade, mainly in the non-food (70), ICT equipment (35) and industrial machinery (25) industries.
When including retail trade and commission trade, there were 245 trading companies under Chinese ownership with a joint gross value added of 296 million euros in 2017 (on average, 1.2 million euros per company).
Highest gross value added in manufacturing
Sixty companies in Chinese hands are active in manufacturing. However, in 2017 the gross value added contributed by these companies was higher than of those in the trading sector (374 million euros), at least per company (on average, 6.2 million euros).
The number of employees was almost the same in both trading and manufacturing at approximately 3 thousand. Relative to 2012, the number of industrial companies under Chinese ownership doubled, while the number of trading companies increased by 58 percent.
Strong growth was recorded in the specialised business services sector in particular, from 25 to 70 companies. The gross value added contributed by this sector rose from 3 to 22 million euros, but remained modest at 2 percent of all companies under Chinese ownership.
Chinese companies contributed 1 billion euros to Dutch economy
Chinese companies in the Netherlands contributed 1 billion euros to the Dutch economy, a authority data indicated. Since the number of Chinese companies located in the Netherlands nearly doubled, their contribution to the Dutch economy almost quadrupled over the same period to more than 1 billion euros. CBS reports this on the basis of the most recent figures on foreign enterprises in the Netherlands.
It concerns numbers enterprises established in the Netherlands in which the majority stake is in Chinese hands. The gross value added contributed by these companies to GDP increased from 290 million euros in 2012 to 1,079 million euros in 2017.
In the same period, staff numbers at these companies rose at a similar pace, from 3 thousand to 11 thousand. Expenditure on research and development increased correspondingly from 9 million euros (2012) to 31 million euros (2017).
Since 2015, the contribution made by Chinese firms to the Dutch economy has grown much more rapidly than the number of such firms. This is due to some large acquisitions.
Limited share of Chinese companies by comparison
Chinese companies in the Netherlands has limited share by comparison with other countries. With almost 8 percent of companies with an owner outside the EU, the number of Chinese companies in the Netherlands in 2017 was small, according to Statistics Netherlands. Despite the growth, the number of Chinese-owned companies is still relatively small in the Netherlands.
By comparison, the United States has the most companies in the Netherlands (2,875), followed by Germany (2,190) and the United Kingdom (1,355).
According to Statistics Netherlands, the number of Chinese companies in the Netherlands is more comparable to the number of Japanese and Swiss companies.
There are also Dutch companies located in China, as shown by the latest figures (CBS), the number of Dutch companies (605 in 2017) located in China is more than Chinese companies in the Netherlands (470 in 2017).
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