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.
- Get a daily email packed with the latest China-Africa news and analysis.
- Read exclusive insights on the key trends shaping China-Africa relations.
- Full access to the News Feed that provides daily updates on Chinese engagement in Africa and throughout the Global South.