In spite of China’s rising FDI flows to Africa, the continent is still far smaller than Asia and Latin America as a destination for Chinese investment.
By 2006, Africa had attracted a mere 3 percent of China’s outward FDI, $2.6 billion, while Asian countries accounted for nearly two-thirds of China’s outward FDI stock, or $48 billion.
Chinese investments in Latin America in 2006 attributed for nearly $20 billion, or one-fourth, of the FDI stock.