China’s ODI surges 53.3pc

0
23

Beijing—Chinese companies continued to invest big in the overseas market during the first eight months of the year, the Ministry of Commerce said.
China’s non-financial outbound direct investment (ODI) surged 53.3 percent from a year ago to 775.12 billion yuan (118.06 billion U.S. dollars) in the January-August period, according to a statement posted on the ministry’s website.
In August alone, China’s ODI rose 13.4 percent year on year to 15.31 billion U.S. dollars.
Developed countries and regions remained popular destinations for ODI.Hong Kong, ASEAN, the EU, the United States, Russia and Japan received investment totaling 87.66 billion U.S. dollars during the first eight months, accounting for 74.2 percent of all ODI.—Xinhua