China's global economic footprint expanded significantly in 2024 as outward direct investment surged to $192.2 billion, marking an 8.4% year-on-year increase according to official data released Monday. The 2024 Statistical Bulletin of China's Outward Foreign Direct Investment, jointly published by the Ministry of Commerce and the State Administration of Foreign Exchange, reveals China's investment stock now stands at $3.14 trillion – maintaining its position among the world's top three outward investors for an eighth consecutive year.
Analysts highlight three key drivers behind this growth:
Accelerated infrastructure partnerships under the Belt and Road Initiative
Strategic acquisitions in renewable energy and advanced technology sectors
Expanding manufacturing bases across Southeast Asia and Africa
While Europe and Asia remained primary destinations, receiving 42% and 35% of total flows respectively, Latin America saw the fastest growth at 19% year-on-year. The report notes increased collaboration between state-owned enterprises and private tech firms in overseas ventures, particularly in digital infrastructure projects.
For investors, this sustained growth signals both opportunities in China-backed international projects and potential shifts in global supply chains. Researchers emphasize the need to monitor evolving investment patterns as China transitions from resource-focused projects to high-tech collaborations.
