China's Ministry of Commerce just released the latest Report on China's outward investment.
http://images.mofcom.gov.cn/fec/202102/20210202162924888.pdf
Some interesting stats to report:
1) Realized OFDI flow to #BRI countries in 2019: $18.69 bn, + 4.5% from 2018
(Chart shows OFDI flows to BRI countries 2013-2019)
http://images.mofcom.gov.cn/fec/202102/20210202162924888.pdf
Some interesting stats to report:
1) Realized OFDI flow to #BRI countries in 2019: $18.69 bn, + 4.5% from 2018
(Chart shows OFDI flows to BRI countries 2013-2019)
2) Compared to OFDI, China's 2019 overseas construction & engineering contracting had a greater concentration in BRI countries: 59.5% of global new contract value and 56.7% of global actualized revenues were in BRI countries, with yearly growth of 23.1% and 9.7%, respectively.
Judging from these figures, BRI was hardly dying, at least in 2019.
To note, for statistical purposes, Chinese government maintains a list of 64 BRI countries (all in Asia, Central Eastern & Southern Europe).
http://www.brfmc2019.cn/201.shtml
The list is also widely used in policy research by Chinese think tanks.
For the full list: http://ydyl.people.com.cn/n1/2017/0420/c411837-29225243.html
http://www.brfmc2019.cn/201.shtml
The list is also widely used in policy research by Chinese think tanks.
For the full list: http://ydyl.people.com.cn/n1/2017/0420/c411837-29225243.html
3) OFDI to BRI countries represented 13.7% of China's global OFDI in 2019. The share has been increasing since 2016.
4) Top ten BRI countries to receive the most OFDI from China in 2019. Mostly ASEAN countries:
Singapore
Indonesia
Vietnam
Thailand
UAE
Laos
Malaysia
Iraq
Kazakhstan
Cambodia
Singapore
Indonesia
Vietnam
Thailand
UAE
Laos
Malaysia
Iraq
Kazakhstan
Cambodia
5) Globally, Asia received the largest share of Chinese OFDI in 2019, also a modest increase of 5.1% from 2018. Europe saw a 59.6% surge in Chinese OFDI in 2019.
Latin America, Africa, and North America each saw around 50% decline.
But don't over-read into the declines, as...
Latin America, Africa, and North America each saw around 50% decline.
But don't over-read into the declines, as...
regional OFDI figures fluctuate. See following charts for Chinese OFDI in Africa, North America, and Latin America, 2011-2019:
6) In terms of sectoral distribution of Chinese OFDI in 2019:
Manufacturing (36.3%, +15.5% yoy)
Wholesale and retails (13.4%)
Construction (12%)
Finance (8.5%)
Scientific research and technology services (7.2%)
Electricity generation and supply (7.2%)
Manufacturing (36.3%, +15.5% yoy)
Wholesale and retails (13.4%)
Construction (12%)
Finance (8.5%)
Scientific research and technology services (7.2%)
Electricity generation and supply (7.2%)