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Chinese investment in Asia rose 37% in 2023, led by Indonesia

Report shows construction contracts also up 14%; Philippines, Pakistan among losers

Chinese investment and construction activity is on the rise in the Asia-Pacific region, a new report shows. (Nikkei montage/Source photo by AP)

HONG KONG -- Chinese investment in the Asia-Pacific region rose sharply in 2023, a new report shows, bucking global trends even as the world's No. 2 economy sputters.

The report by Brisbane's Griffith University and Shanghai's Fudan University shows that Chinese investment totaled nearly $20 billion across the Asia-Pacific last year, up 37%. It also logged about $17 billion in construction contracts, partly financed by Chinese loans, marking a roughly 14% increase from 2022.

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