FDI from China into the U.S. 2023

Chinese companies invested 28.04 billion U.S. dollars into firms in the United States in 2023, when measured on a historical-cost basis. The total foreign direct investments in the U.S. were valued at approximately 5.39 trillion U.S. dollars in that year.

Sino-American relations

FDI flows are even higher from the United States into China than the flows in this statistic. In addition to FDI, the countries are linked by billions of U.S. dollars in trade value, much of which includes integrated supply chains which see intermediate products shipped back and forth before a final product goes to consumers. This close economic relationship does not imply a political partnership, however. In fact, the countries engaged in what most analysts consider a trade war starting in 2018.

China’s other options

China is expanding its Belt and Road Initiative, producing infrastructure investments abroad in different parts of Asia. However, these outflows do not yet reach the values seen in this statistic, partly due to the smaller size of the target economies. Still, the majority of net overseas direct investment from China goes to Asia. This measure is slightly different because it does not give the total volume of investments, but it underscores the importance of regional ties to Chinese investors.

Foreign direct investment from China into the United States from 2000 to 2023 (in billion U.S. dollars, on a historical-cost basis)

Characteristic	FDI in billion U.S. dollars
2023	28.04
2022	29.91
2021	31.83
2020	36.74
2019	38.79
2018	35.44
2017	36.45
2016	31.87
2015	14.71
2014	10.07
2013	7.86
2012	7.08
2011	3.6
2010	3.3
2009	1.62
2008	1.11
2007	0.58
2006	0.79
2005	0.57
2004	0.44
2003	0.28
2002	0.39
2001	0.54
2000	0.28

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Release date

August 2024

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Region

United States

Survey time period

2000 to 2022

Supplementary notes

In accounting, historical cost is the original monetary value of an economic item. Historical cost is based on the stable measuring unit assumption. In some circumstances, assets and liabilities may be shown at their historical cost, as if there had been no change in value since the date of acquisition.
Direct investment implies that a person in one country has a lasting interest in, and a degree of influence over the management of, a business enterprise in another country. For the United States, in accordance with international guidelines, ownership or control of ten percent or more of an enterprise's voting securities, or the equivalent, is considered evidence of such a lasting interest or degree of influence over management. Thus, foreign direct investment in the United States is ownership or control, direct or indirect, by one foreign person of ten percent or more of the voting securities of an incorporated U.S. business enterprise or an equivalent interest in an unincorporated U.S. business enterprise.

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