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China’s investment in Africa increased by more than 40% in the first four months of this year

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According to the latest data released by the Ministry of Commerce of China on the 16th, China’s investment in Africa increased by 40.2% in the first four months of this year.

 

 

According to official data, China’s foreign investment in January-April totaled 233.41 billion yuan (RMB, the same below), an increase of 3.3% year-on-year, and the growth rate slowed by 1.5 percentage points from the first quarter.

In terms of regions, China’s investment in Africa increased by 40.2% year-on-year; the growth rate of investment in Asia, Europe and North America was 9.5%, 8.1% and 8.3%, respectively.China’s investment in the countries along the “Belt and Road” was US$4.61 billion, accounting for 13.3% of China’s total foreign investment during the same period.

 

 

In terms of industries, the overseas investment of Chinese enterprises in the first four months was mainly concentrated in the leasing and business services industries, and the manufacturing industry accounted for 45.5% of the total foreign investment of Chinese enterprises.Among them, investment in information transmission, software and information technology services, and construction industry grew rapidly, with growth rates of 74.3% and 44.7%, respectively.There are still no new projects in the real estate industry, sports and entertainment industry.

In the same period, China's foreign contracted projects signed 243 new projects with a contract value of more than 50 million US dollars, an increase of 29 over the same period last year.The project is mainly concentrated in the fields of power engineering construction, transportation construction and general construction, accounting for nearly 70% of the total, improving the conditions of the host country and infrastructure.