Chinese investment in the Asia-Pacific region surged by 37% in 2023; reaching nearly USD20bn, defying the global downturn and the challenges in China’s economy. This increase, detailed in a report by Griffith University in Brisbane and Fudan University in Shanghai, contrasts with a 12% drop in foreign direct investment into Asia’s emerging markets. Additionally, the region saw about USD17bn in construction contracts, up 14% from 2022, largely underpinned by Chinese loans. This growth aligns with the Belt and Road Initiative (BRI), with BRI countries receiving the bulk of investment and construction contracts. Conversely, investment in non-BRI countries hit a record low. Christoph Nedopil of the Griffith Asia Institute highlighted a notable rise in green investments, marking a shift towards sustainable engagement in the region.
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