China Became the Second Largest Investment Sourcing Country in Papua New Guinea

According to the statistics from Investment Promotion Bureau of Papua New Guinea, the total foreign investment attracted by Papua New Guinea in 2006 achieved 2.1b kina (approx USD700m). Among them 319.7m kina (about USD107m) was Chinese investment into Papua New Guinea, up by 1154% year-on-year. Hence China ascended to be the second largest source country investing in Papua New Guinea.

Australia maintained its first place in investing in Papua New Guinea with investment up to 379.7m kina (equal to USD127m), down by 57.27% year-on-year. Indonesia and Malaysia ranked the third and the fourth place respectively with investment of 310.4m kina (about USD103m) and 252.5m kina (approx USD84m).