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Chinese foreign direct investment in Russia, Kazakhstan and Belarus increased over the past five years, more than doubled
The accumulated Chinese foreign direct investment (FDI) in Russia, Kazakhstan and Belarus more than doubled in 2009-2013 - from $ 11,02 billion to $ 24,67 billion, with 91% (22,57 billion) accounted for by Kazakhstan. reported in the thematic report of the Center for Integration Studies of the Eurasian Development Bank.
According to the results of 2014, the number of contracts and memorandums of cooperation between Chinese and Russian companies is rapidly growing, which, according to the authors of the report, can be expressed in the explosive growth of Chinese FDI for several years.
The report notes that China has demonstrated the most impressive dynamics of FDI in the countries of the common economic space, which generally reflects the processes of rapid expansion of Chinese transnational companies (TNCs) in recent years.
If six years ago, China was comparable to India in investments in Kazakhstan, Russia and Belarus, now it is much higher than it, although this ratio is provided solely due to the large-scale presence of Chinese TNCs in Kazakhstan, the report emphasizes. At the same time, the main investment projects of Chinese TNCs in this country are related to the fuel complex, primarily oil and natural gas.
In Russia and Belarus, where in previous years cooperation with China prevailed on the basis of lending, the absolute size of accumulated Chinese FDI is 11 times lower than Kazakhstan. Experts from the EDI Center for Informational Research indicate that the sectoral structure of Chinese FDI is more diverse.
Along with large-scale investments in the fuel and energy complex, it includes investments in glass production and the automotive industry in Russia, as well as in the production of electrical engineering, automotive components and the hotel business in Belarus.