Published: 14:18, September 28, 2023 | Updated: 14:39, September 28, 2023
China's ODI over $163b in 2022, ranked second globally
By Xinhua

This undated photo shows a view of Shanghai's Yangshan Port in East China. (PHOTO / XINHUA)

BEIJING - China's outbound direct investment value in 2022 came in second in the world at $163.12 billion, accounting for over 10 percent of the global total for seven years in a row, official data showed Thursday.

By the end of last year, the country's ODI amounted to $2.75 trillion, maintaining its position among the top three globally for six consecutive years, according to a report jointly released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.

Sectors including leasing and commercial services, manufacturing, finance, wholesale and retail, mining and transportation each saw total investment top $10 billion

Last year, ODI went to a wide range of industries, the data showed. Sectors including leasing and commercial services, manufacturing, finance, wholesale and retail, mining and transportation each saw total investment top $10 billion.

By the end of 2022, investors from the Chinese mainland had set up 47,000 companies in 190 countries and regions across six continents, 16,000 of which are in Belt and Road partner countries, according to the report.

READ MORE: China's ODI further rises in Jan-Aug

China's ODI has contributed to the economic development of the host countries and regions. China-invested firms overseas employed nearly 2.5 million foreign staffers by the end of last year, and paid $75 billion in taxes in their localities in 2022, the data revealed. Sales revenue of non-financial firms operating overseas rose 14.4 percent to $3.5 trillion last year.