In the first two months of 2023, China’s outbound investments increased by 35.7%

March 29, 2023

According to official statistics, China’s outbound direct investment (ODI) increased quickly in the first two months of the year, rising by 35.7% year over year to 136 billion yuan.

According to the Ministry of Commerce (MOFCOM), the nation’s ODI increased 26.5 percent from a year earlier to roughly $20 billion in the first two months of the year.

It’s important to note that China’s ODI increased significantly more in January and February than the 5.2% growth rate registered for the same time in 2022.

In the period, non-financial investment in nations that have joined the Belt and Road Initiative grew by 27.8% year over year to $4 billion, making up 20.2% of the total non-financial ODI for January and February.

In the first two months, outbound funding increased significantly across many industries. In addition to manufacturing, leasing, and business services, investments in the wholesale and retail industry increased 17.2 percent from a year earlier.

According to Bai Ming, a research fellow at the Chinese Academy of International Trade and Economic Cooperation in Beijing, “the rise in the country’s ODI is primarily due to resumed international personnel exchanges after China’s adjustment of COVID-19 measures, while China has stepped up efforts to promote high-level opening-up after the 20th National Congress of the Communist Party of China.”

In 2023, according to Bai’s forecast, ODI’s total growth rate will remain comparatively fast, fostering a more rapid global economic recovery.

According to a report jointly published in November 2022 by MOFCOM, the National Bureau of Statistics, and the State Administration of Foreign Exchange, China’s ODI had been among the top three in the world for ten years as of the end of 2021.

Source: Global Times
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