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Africa Accounts For Just 1.7% of China’s Total Global Investment Stock, Says MOFCOM

Even amid the pandemic, Chinese investment overseas last year increased by 12.3% to $153.71 billion, according to a new report published last week by the Ministry of Commerce, National Bureau of Statistics, and the State Administration of Foreign Exchange.

2.8% of the total, $4.23 billion, went to African countries, a 56.1% increase over 2019. Although that is a rather sizable FDI flow by African standards, it accounts for just 1.7% of China’s total global investment stock.

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