China’s foreign investment and cooperation have shown steady growth in 2024, according to an official from the Ministry of Commerce (MOC). Non-financial outbound direct investment rose 10.5% year on year to $143.85 billion, with investments in the Association of Southeast Asian Nations (ASEAN) countries increasing by 12.6%.
Data from the MOC reveals that sectors such as leasing, business services, manufacturing, and wholesale and retail drove this growth. The turnover from China’s foreign contracted projects totaled $165.97 billion in 2024, a 3.1% increase year on year.
The number of Chinese workers dispatched abroad reached 409,000, marking a 17.9% increase compared to the previous year. By the end of 2024, a total of 594,000 Chinese workers were employed overseas.
Non-financial investment in countries along the Belt and Road Initiative increased by 5.4% year on year to $33.69 billion, according to MOC data.
China’s sustained growth in foreign investment and cooperation underscores its expanding role in the global economy.
Reference(s):
China says its foreign investment, cooperation remain stable in 2024
cgtn.com
