China’s investment is playing an increasingly important role in promoting global economic development, according to data from the Ministry of Commerce released Wednesday.
In 2023, overseas direct investment generated $273.1 billion in merchandise imports and exports in China, accounting for 4.6 percent of the total value, Zhang Li, an official with the ministry, said when delivering an annual statistical bulletin.
Last year, Chinese overseas companies had a turnover of $3.5 trillion and paid $75.3 billion in taxes to the countries where they invested, Zhang said.
From 2013 to 2023, Chinese overseas companies paid $518.4 billion in taxes to host countries, creating about two million jobs.
In 2023, China’s overseas investment reached $177.29 billion, accounting for 11.4 percent of the global total and ranking among the top three for 12 consecutive years, Zhang said.
