Rhodium: China's overseas investment rose 18% last year, reaching a new high since 2018

The American think tank Rhodium Group released the "China Outbound Investment Monitoring Report," showing that China's overseas investment last year rose by 18% to USD 124 billion, marking a new high since 2018, but still far below the peak in 2016.

Energy and commodities accounted for nearly half of China's total outbound investment last year. In contrast, due to a slowdown in electric vehicle production and upstream supply chain investments, the proportion of investments related to the automotive industry fell to a new low since 2020. In terms of regional distribution, China's investment in the Middle East and North Africa reached a record high, while the total investment in North America, Europe, and Oceania dropped to less than 20%, with the investment scale declining by about 70% compared to 2016.

Danielle Goh, a senior research analyst at Rhodium Group, stated that investments in energy and basic raw materials are expected to continue to grow this year, partly due to the high value and long-term investment nature of these industries