China’s foreign investment and cooperation experienced stable growth in 2024, according to an official from the Ministry of Commerce (MOC).
The country’s non-financial outbound direct investment reached $143.85 billion last year, reflecting a 10.5 percent increase compared to the previous year. Investments in ASEAN countries saw a year-on-year growth of 12.6 percent.
The MOC data highlighted that sectors such as leasing, business services, manufacturing, and wholesale and retail were key contributors to this growth. Additionally, the total turnover from China’s foreign contracted projects amounted to $165.97 billion in 2024, marking a 3.1 percent year-on-year rise.
In 2024, the number of Chinese workers sent abroad increased by 17.9 percent year on year to 409,000, bringing the total number of Chinese workers employed overseas to 594,000 by the year’s end.
Investment in Belt and Road Initiative countries also grew, with non-financial investment rising by 5.4 percent year on year to $33.69 billion, according to the MOC.
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