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II.D. Foreign Direct Investment: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
China’s direct investment in Africa, as reported by the National Bureau of Statistics of China, amounted to US$392 million in 2005, up from US$317 million in 2004. Data from other sources show significantly higher figures: in 2004, Chinese FDI was estimated to be more than US$900 million; total FDI in Africa was US$15 billion (Table 2). China’s Ministry of Commerce puts China’s direct investment to Africa for 2000–06 at US$6.6 billion. Among the 800 Chinese enterprises investing in Africa, only about 100 are state-owned. The rest are private businesses with interests ranging from trade, manufacturing and processing, services, and communications to agriculture and natural resource development.

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