China's outward direct investment rose by 8.4% in 2024

China's outward direct investment reached $192.2 billion in 2024, up 8.4 percent year-on-year. The stock of direct investment stood at $3.14 trillion, ranking in the global top three for eight consecutive years, according to the "2024 Statistical Bulletin of China's Outward Foreign Direct Investment" released by the China's Ministry of Commerce and the State Administration of Foreign Exchange on Monday.

Investment has been widely distributed. By the end of 2024, Chinese investors had set up 52,000 overseas companies in 190 countries and regions worldwide, covering over 80 percent of all countries and regions globally, with 70 percent of the companies making profits or breaking even.

Among them, 19,000 overseas companies were established in Belt and Road Initiative (BRI) partner countries.

China's direct investment in countries participating in the BRI accounted for more than 20 percent of the total investment. In 2024, nearly 80 percent of China's outward direct investment flowed to Asia, up 8.5 percent year-on-year, including $34.36 billion to the Association of Southeast Asian Nations (ASEAN), up 36.8 percent. Investment in Oceania,  Europe and Latin America increased by 113.7 percent, 25.3 percent and  15.4percent, respectively.

In 2024, China's outward investment drove $211 billion in goods exports, up 13 percent, accounting for 5.9 percent of the total goods exports during the same period. Chinese overseas companies achieved sales revenue of $3.6 trillion, paid $82.1 billion in taxes to host countries and regions, and had a total workforce of 5.021 million people at year-end, of which 65.8 percent were local employees.