China's outward foreign direct investment (FDI) commitments in green manufacturing have grown rapidly, exceeding $220 billion since 2022.
This expansion is driven by domestic firms seeking to escape intense competition at home, rather than an expansionist Chinese state.
Chinese FDI commitments span 54 countries across Southeast Asia, the Middle East, North Africa, Latin America, Central Asia, and Europe.
FDI commitments from Chinese firms into green manufacturing now situate a global decarbonisation bargain.
Author's summary: China leads global green transition with $220 billion FDI.