CHINA’S OUTWARD INVESTMENT AND ECONOMIC COOPERATION REPORT 2023

The “China ODI Report 2023,” published by the Ministry of Commerce of the People’s Republic of China, provides a comprehensive overview of the development of China’s outward investment and economic cooperation in 2023. Here is a summary of the report’s content:

1. Investment Scale and Growth: China’s non-financial direct investment abroad reached 130.1 billion USD, a year-on-year increase of 11.4%, ranking in the top three in the world for the 11th consecutive year.
2. Global Layout: China’s investment stock amounts to 2.8 trillion USD, spread across more than 190 countries and regions worldwide, maintaining its position in the top three globally for the sixth consecutive year.
3. Industry Performance: The turnover of China’s overseas contracted engineering business was 160.91 billion USD, a year-on-year increase of 3.8%, with 81 enterprises selected as “The Top 250 International Contractors” by Engineering News-Record (ENR).
4. Labor Dispatch: In 2023, Chinese enterprises dispatched 3.47 million labor personnel overseas, a year-on-year increase of 34%.
5. Belt and Road Initiative: China’s direct investment stock in Belt and Road partner countries exceeded 300 billion USD, with more than 100 overseas economic and trade cooperation zones and a cumulative investment of nearly 73 billion USD.
6. Policy Support: The report outlines a series of policy measures issued by the Party Central Committee, the State Council, and other departments to guide and support the healthy development of outward investment and cooperation.
7. Local Development: The report highlights the outward investment and cooperation of regions such as Shanghai, Zhejiang Province, Hubei Province, Guangdong Province, Dalian City, and Qingdao City, including development overviews, main practices, and future prospects.
8. Global Investment Trends: The report analyzes the development trends of global outward investment, including changes in investment methods, characteristics of industry distribution, and the stable development of international direct investment.
9. Challenges Faced: The report points out that despite opportunities, China’s outward investment cooperation also faces challenges such as the acceleration of global industrial chain restructuring, tightening of foreign investment security reviews in some countries, geopolitical conflicts, and the trend of regionalization of trade and economic rules.
10. Future Outlook: The report predicts that China’s outward investment cooperation will maintain steady development, high-quality Belt and Road cooperation will enter a new phase, the mode of outward investment cooperation will continue to innovate, the ability to coordinate development and security will be enhanced, and the policy service system will be improved.

The report emphasizes China’s determination in promoting outward investment cooperation and its significant role in the global economy, while also pointing out the importance of safeguarding national interests and promoting common development in a complex international environment.