China's outward FDI hits 192.2 bln USD in 2024, up 8.4 pct

XIAMEN, Sept. 9 (Xinhua) -- China's outward foreign direct investment (FDI) reached 192.2 billion U.S. dollars in net terms in 2024, up 8.4 percent over the previous year, according to a statistical bulletin released in Xiamen, east China's Fujian Province, on Monday.

The report indicated that Chinese enterprises maintained a leading global investment presence, with the country's outward FDI accounting for 11.9 percent of the world's total last year, marking an increase of 0.5 percentage points from the previous year.

This marks the 13th consecutive year that China has ranked among the top three globally and the ninth straight year with a share exceeding 10 percent in terms of outward FDI, according to data jointly released by the Ministry of Commerce, the National Bureau of Statistics, and the State Administration of Foreign Exchange at the 25th China International Fair for Investment and Trade, which kicked off on Monday.

By the end of 2024, Chinese investors had established around 52,000 overseas enterprises across 190 countries and regions, with 70 percent of them reporting profitability or breakeven performance.

China's investment in Asia, Latin America, Europe, and Oceania continued to grow last year, while direct investment in Belt and Road Initiative participating countries surged by more than 20 percent.

In 2024, China's outward FDI spanned 18 industry sectors, with investments in five sectors -- namely wholesale and retail, leasing and business services, manufacturing, finance, and mining -- each exceeding 10 billion U.S. dollars and collectively accounting for over 80 percent of the total.

China's outward investment also delivered significant mutual benefits and contributed increasingly to the global economy, according to the bulletin. Last year, China's outward investment drove 211 billion U.S. dollars in goods export. Overseas enterprises generated 3.6 trillion U.S. dollars in sales revenue and paid 82.1 billion U.S. dollars in taxes to their host countries and regions. ■