China Outbound Direct Investment (ODI) Tracker 2026

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In this China Outbound Direct Investment (ODI) Tracker, China Briefing offers up-to-date data and insights on China’s outbound investment developments and trends. The tracker will feature monthly updates on ODI data and timely additions to relevant regulations and key milestones.


China’s role as a global investor continues to expand.

According to data from China’s Ministry of Commerce (MOFCOM) and the State Administration of Foreign Exchange (SAFE), in 2025, China’s total outbound direct investment (ODI) reached RMB 1,245.58 billion, a year-on-year increase of 7.4 percent in yuan terms (US$174.38 billion in dollar terms, up 7.1 percent). Chinese investors made non-financial direct investments in 11,048 overseas enterprises across 153 countries and regions, with a total investment of RMB 1,040.42 billion, up 1.6 percent (US$143.85 billion in dollar terms, up 10.5 percent).

This jump followed the already high ODI record in 2024. In 2024, China’s ODI flow reached US$162.78 billion, an increase of 10.1 percent from the previous year, accounting for 10.1 percent of the global total.

As China’s domestic market matures and competition intensifies, expanding into international markets has become essential for companies pursuing new growth opportunities and greater integration into the global economy, thereby enhancing their competitiveness. This urgency is further driven by a slowing domestic economy. Moreover, the evolving dynamics of globalization and regional development highlight the importance of market diversification and reducing reliance on any single region. Establishing economic partnerships with other countries not only mitigates operational risks but also fosters regional economic growth and strengthens diplomatic ties. Rising geopolitical tensions and trade disputes with major economies like the EU and the US have further accelerated the trend of outbound investment. Expanding globally also enables Chinese firms to navigate certain tariff measures and trade restrictions more effectively and within legal frameworks.

Backed by government support, corporate ambition, and growing global demand for infrastructure and capital, China’s outward investments are set to remain a pivotal component of its international engagement strategy in the foreseeable future.

In this China ODI tracker, China Briefing provides the latest data and information on China’s outbound investment developments and trends.

China ODI in numbers

In 2025, China’s total ODI reached RMB 1,245.58 billion, a 7.4 percent increase year-on-year in yuan terms (US$174.38 billion in dollar terms, up 7.1 percent). Chinese investors made non-financial direct investments in 11,048 overseas enterprises across 153 countries and regions, with a total investment of RMB 1,040.42 billion, up 1.6 percent (US$143.85 billion in dollar terms, up 10.5 percent).

During the same period, Chinese enterprises invested RMB 283.36 billion in non-financial sectors in countries involved in the Belt and Road Initiative (BRI), reflecting a year-on-year growth of 18 percent (US$39.67 billion in dollar terms, up 17.6 percent).

China ODI in total

China ODI in Total (last updated March 9, 2026)

Period Total ODI Non-Financial ODI
Amount (US$ billion) Growth rate (YoY)  Amount (US$ billion) Growth rate (YoY) Countries/regions No. of invested enterprises
Jan-Dec 2025 174.38 7.4 143.85 10.5 153 11,048
Jan-Nov 2025 158.21 6.9 132.09 2.7 153 10,165
Jan-Oct 2025 144.34 +6.2% 121.9 +5.2% 152 9,553
Jan-Sept 2025 128.93 +3.6% 110.74 +4% 151 8,995
Jan-Aug 2025 109.15 -1.7% 96.9 +3% 150 8,350
Jan-Jul 2025 92.74 -5.4% 84.53 +1.2% 150 7,676
Jan-Jun 2025 80.02 -6.2% 72.23 -0.5% 150 6,887
Jan-May 2025 68.47 -2.3% 61.6 +2.3% 147 5,989
Jan-Apr 2025 57.54 +7.5% 51.04 +5.6% 145 5,116
Jan-Mar 2025 40.9 +6.2% 35.68 +4.4% 143 4,023
Jan-Feb 2025 22.24 -4.1% 22.97 +9.1% 142 2,799
Jan-Dec 2024 162.78 +10.1% 143.85 +10.5% 151 9,400
Jan-Nov 2024 147.96 +9.2% 128.63 +11.2% 151 8,581
Jan-Oct 2024 135.87 +9.7% 115.83 +10.6% 151 7,960

Source: MOFCOM, China

China Non-Financial ODI per Month (last updated March 9, 2026)
Month Amount (US$ billion)
December 2025 11.76
November 2025 10.19
October 2025 11.16
September 2025 13.84
August 2025 12.37
July 2025 12.30
June 2025 10.63
May 2025 10.56
April 2025 15.36
March 2025 12.71
Jan-Feb 2025 22.97
December 2024 15.22
November 2024 12.80
October 2024 9.37
September 2024 12.37
August 2024 10.54
July 2024 10.93
June 2024 12.42
May 2024 11.84
April 2024 14.16
March 2024 13.14
February 2024 9.08
January 2024 11.98

Source: MOFCOM, China

China’s non-financial ODI in BRI countries/regions

China Non-Financial ODI in BRI per Month (last updated March 9, 2026)
Month Amount (US$ billion)
December 2025 3.94
November 2025 3.02
October 2025 2.70
September 2025 3.71
August 2025 3.90
July 2025 3.49
June 2025 3.39
May 2025 2.74
April 2025 3.91
March 2025 3.35
Jan-Feb 2025 5.52
December 2024 3.52
November 2024 3.52
October 2024 2.66
September 2024 3.48
August 2024 2.57
July 2024 2.48
June 2024 2.65
May 2024 1.86
April 2024 3.30
March 2024 2.98
February 2024 2.07
January 2024 2.60

Source: MOFCOM, China

(This article was first posted on December 2, 2024, and was last updated on March 9, 2026.)

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