Chinese outbound investment Q2 2024 reached an excellent record

Chinese outbound investment in the second quarter 2024 reached an excellent track record, billions of dollars be taken to an overseas with particular destinations, Chinese companies invest in overseas have been going active. The slogan of “China go abroad” has coming into live again, the statistics proved so.

This time 2024 Chinese firms courageously spend its heavy capital to more valuable field – electric vehicle, lithium-battery factories, and photovoltaic points. All indicated that the slogan of “China go abroad” has coming into live again, the statistics proved so. Look at this recent article from Bloomberg

Chinese outbound investment also hit a record, with firms sending US$71 billion overseas in the second quarter, up more than 80 percent from the US$39 billion in the same period last year, SAFE’s data showed.

Chinese firms have been rapidly stepping up investment, with money going into projects such as electric vehicle and battery factories.

The data also showed that the anomaly in the measurement of China’s trade surplus continues to grow, hitting a record US$87 billion in the second quarter and taking it to almost US$150 billion for the first half of the year. That gap was highlighted by the US Department of the Treasury earlier this year in a report that called on China to clarify why the numbers were so different.

According to a recent report from the IMF, this discrepancy “seems to be mainly caused by the different methodologies used to record exports and imports of goods.”

The gap has grown after a switch two years ago in what data the Chinese authorities were using, and was also boosted by a recent increase in production in bonded zones by foreign firms......See more from Bloomberg here

Overall, China outbound investment persisted to increase, again, Chinese firms carry on “China-Go-Abroad” investment, the country is shifting outbound investing in the desired value direction. See here report on China outbound investment (ODI) of Q1, 2023

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