CHINA’S INVESTMENT ACTIVITY IN THE BRICS COUNTRIES
https://doi.org/10.48137/26870703_2023_24_4_6
Abstract
The purpose of this article is to determine how close China’s investment cooperation is with the BRICS countries and what are the prospects for China’s investment activities in these countries. In recent years, China has consistently ranked among the top three largest investors in the world. Many developed countries are concerned about China’s active investment activity in Europe and Africa. However, despite all the risks from FDI, countries continue to attract FDI, including Brazil and South Africa. In particular, today, due to the tense geopolitical situation, Russia is interested in China’s investments more than ever. The BRICS countries already have their own bank to finance projects within the association, however, it is important to strengthen investment cooperation as well.
The results of the study show that the main capital of Chinese investors is accumulated in Brazil, where Chinese investors are attracted by the extractive industry. Almost half as much Chinese FDI was made in Russia as in Brazil, where the country’s energy sector was also the main recipient. Despite the difficult political environment in India, Chinese investors have been gradually increasing investment in the country in recent years. South Africa and Russia are now members of China’s The Belt and Road Initiative, where China directs a significant share of all its foreign investments. Having the greatest financial capacity, China can become a link between the countries by investing in joint projects in these countries.
About the Author
D. S. Sokolan
Peoples’ Friendship University of Russia (RUDN University)
Russian Federation
Russian Federation
SOKOLAN Daria S., PhD (World Economics), Assistant of the Department of International Economic Relations
6 Miklukho-Maklayast., Moscow,117198
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Review
For citations:
Sokolan D.S. CHINA’S INVESTMENT ACTIVITY IN THE BRICS COUNTRIES. Geoeconomics of Energetics. 2023;(4):6–23. (In Russ.) https://doi.org/10.48137/26870703_2023_24_4_6
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