Special topic: FDI from China(Updated June 2009)
In response to the adoption of the “go global” policy, China’s FDI abroad has increased rapidly during this decade. In 2008 alone, Chinese multinationals, mostly state-owned, invested an estimated US$41 billion overseas. Up to end-2007, Asia had received around two thirds of the cumulated Chinese FDI, which is valued at US$118 billion. Africa accounted for around 4 percent of that figure. With considerable foreign exchange reserves, Chinese multinationals are well placed to weather the credit crunch and the present economic downturn. Chinese FDI abroad is therefore poised to continue along its upward path, in contrast to global FDI flows.