{"id":10320,"date":"2024-02-23T19:42:13","date_gmt":"2024-02-23T19:42:13","guid":{"rendered":"https:\/\/gbc1.net\/?p=10320"},"modified":"2025-12-01T10:17:53","modified_gmt":"2025-12-01T06:17:53","slug":"china-literally-poured-money-into-africa-in-2023","status":"publish","type":"post","link":"https:\/\/gbc1.net\/index.php\/2024\/02\/23\/china-literally-poured-money-into-africa-in-2023\/","title":{"rendered":"China Literally Poured Money into Africa in 2023"},"content":{"rendered":"\n

According to a study jointly conducted by the Griffith Asia Institute (GAI<\/a>) and the Green Finance and Development Centre (GFDC<\/a>), Chinese investment into Africa underwent a dramatic increase in 2023, displaying a strong 47% year-on-year growth.<\/p>\n\n\n\n

In 2023, Chinese #ODI<\/a> into Africa amounted to USD 21.7 billion, surpassing other regions in the world. In total, China invested USD 92.4 billion across 212 projects around the world in 2023, representing a 24% growth. <\/p>\n\n\n

\n
\"\"<\/figure><\/div>\n\n\n

However, what China considers as investment is not necessarily viewed as such in the West. For instance, China tends to lump grants, concessional or commercial loans, and #ODI<\/a> as ‘investment.’ Therefore, when undertaking a comparative study, it is sometimes necessary to know what one means by investment and to compare apples with apples.<\/p>\n\n\n\n

Namibia and Tanzania stood out with an uptick of 457% and 415% respectively. Sector-wise, energy received 31% while mining attracted 21% of the total #FDI<\/a>. It is also worth noting that there is a marked preference for renewable energy projects, which make up more than a third of all energy projects. <\/p>\n\n\n\n

The trend towards green is global, and approximately USD 8 billion of investment was targeted at the #EV<\/a> ecosystem around the world in countries such as South Korea, Thailand, Vietnam, Brazil and Hungary. In particular, Zhejiang Huayou partnered with LG to build a lithium battery plant in South Korea. Zhejiang Hezhong set up an #EV<\/a> production plant in Thailand, while BYD established an automobile plant in Brazil.<\/p>\n\n\n\n

In addition to #CarbonFootprint<\/a>, another emerging trend is the heightening attention paid to #ESG<\/a> aspects of the project. Another distinguishing feature appears to be that most deals are officially linked to the #BRI<\/a>, China’s flagship global geoeconomic program.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to a study jointly conducted by the Griffith Asia Institute (GAI) and the Green Finance and Development Centre (GFDC),<\/p>\n","protected":false},"author":1,"featured_media":10322,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_mi_skip_tracking":false,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":0,"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":""},"categories":[249],"tags":[29,488,41,49,38,322],"yoast_head":"\nChina Literally Poured Money into Africa in 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