Since 2003, the earliest date official data is available, annual flows of Chinese foreign direct investment to Africa has risen significantly – from a mere $74.8 million in 2003 to $5.4 billion in 2018. Chinese FDI flows to Africa declined in 2019 to $2.7 billion, and then – despite the COVID-19 pandemic – swung up again to $4.2 billion in 2020. Over the same period, Chinese FDI stocks in Africa grew nearly 100-fold over a 17-year period – from $490 million in 2003 to $43.4 billion in 2020, peaking in 2018 at $46.1 billion. That makes China Africa’s fourth largest investor, ahead of the United States since 2014.
tirsdag 23. november 2021
The Quiet China-Africa Revolution: Chinese Investment
The Forum on China Africa Cooperation (FOCAC), a gathering of Chinese and African officials that has been held seven times (including three leaders’ summits) since its inauguration in 2000, has always been known – and occasionally chastised – for being highly government-focused. At the same time, however, a quiet transformation has been taking place: Investors have begun to dominate China-Africa finance.
Since 2003, the earliest date official data is available, annual flows of Chinese foreign direct investment to Africa has risen significantly – from a mere $74.8 million in 2003 to $5.4 billion in 2018. Chinese FDI flows to Africa declined in 2019 to $2.7 billion, and then – despite the COVID-19 pandemic – swung up again to $4.2 billion in 2020. Over the same period, Chinese FDI stocks in Africa grew nearly 100-fold over a 17-year period – from $490 million in 2003 to $43.4 billion in 2020, peaking in 2018 at $46.1 billion. That makes China Africa’s fourth largest investor, ahead of the United States since 2014.
Since 2003, the earliest date official data is available, annual flows of Chinese foreign direct investment to Africa has risen significantly – from a mere $74.8 million in 2003 to $5.4 billion in 2018. Chinese FDI flows to Africa declined in 2019 to $2.7 billion, and then – despite the COVID-19 pandemic – swung up again to $4.2 billion in 2020. Over the same period, Chinese FDI stocks in Africa grew nearly 100-fold over a 17-year period – from $490 million in 2003 to $43.4 billion in 2020, peaking in 2018 at $46.1 billion. That makes China Africa’s fourth largest investor, ahead of the United States since 2014.
