China invested €12.5 billion in the first quarter of the year while cooling it down slightly to €11.8 billion for the second quarter. The slight decline in investment comes as China is struggling with a slowing economy, one that’s seen a significant decrease in exports, credit and consumer demand, having also been compromised by the early phases of demographic decline.

To further add to this, the accumulating risk of a collapse in the Chinese real estate market would shatter investor confidence even worse than the collapse of Evergrande, a Chinese construction company, which happened earlier in the month.

Portugal’s largest sources of foreign direct investment in the second quarter were Spain, who put €25.5 billion into the country, followed by France, at €16.9 billion, and the UK, at €13.6 billion.

Portugal is technically top of their own list, at €26.4 billion, thanks to a phenomenon called ‘round tripping’ which sees investment coming from Portugal into a different country like the Netherlands and Luxembourg, where the money gets sent back to Portugal through an intermediary.

All in all, the total amount of FDI in Portugal over the second quarter of the year was €173.8 billion.