China's outbound investment rises 5.9% in first 10 months

Date: 15 Nov 2019

China's non-financial outbound direct investment (ODI) posted steady growth in the first 10 months of the year, data showed Nov 14.

Non-financial ODI in 164 countries and regions amounted to 621.78 billion yuan ($90.46 billion) in the period, up 5.9 percent year on year, according to the Ministry of Commerce.

The pace accelerated from the 3.8-percent growth registered in the first three quarters.

In October alone, China's ODI soared 28 percent year on year to 66.95 billion yuan.

Chinese companies increased investment in countries participating in the Belt and Road Initiative during the first 10 months, adding a total of $11.46 billion of new investment in 56 countries, accounting for 12.7 percent of the total ODI.

The structure of ODI continued to improve, with investment mainly going into sectors including leasing and business services, manufacturing, wholesale and retail, according to the ministry.

No new ODI projects were reported in the sectors of real estate, sports and entertainment, the ministry said.

Source: China Daily

The information on this page may have been provided by a contributor to ChinaGoAbroad, and ChinaGoAbroad makes no guarantees about the accuracy of any content. All content shall be used for informational purposes only. Contributors must obtain all necessary licenses and/or ownership rights from the relevant content owner(s) before submitting such content (including texts, pictures, photos and diagrams) to ChinaGoAbroad for publication. ChinaGoAbroad disclaims all liability arising from the publication of any content/information (such as texts, pictures, photos and diagrams that infringe on any copyright) received from contributors. Links may direct to third party sites out of the control of ChinaGoAbroad, and such links shall not be considered an endorsement by ChinaGoAbroad of any information contained on such third party sites. Please refer to our Disclaimer for more details.