Compiled by AEI economist Derek Scissors, who studies Chinese and Asian economies and the ensuing economic trends, the China Global Investment Tracker (CGIT) is the only public record of China’s outward investment and construction. In the latest CGIT update and corresponding report, Scissors — who is the originator, chief researcher, analyst, and developer of the CGIT — analyzes China’s worldwide investment during the first half of 2018.
Among his key points:
China is investing much less in the US than it did just a year ago. It has never invested much in the Belt and Road. Yet China’s global investment spending remains healthy, with impressive diversification across countries and the reemergence of private firms.
Construction and engineering is considerable but unlikely to expand much, as the projects drain China’s foreign reserves. Construction in the Belt and Road Initiative alone is rising because the number of countries is rising, not because China is more