China overseas investment grows
Print Edition
China’s non-financial outbound direct investment totaled US$82.02 billion in the first nine months of this year, up 5.1 percent from a year earlier, official data showed yesterday.
China directly invested in 4,597 overseas companies in 155 countries and regions throughout the world in the first nine months, according to the Ministry of Commerce.
China’s outbound investment continued to show stable and sound growth, a spokesman for the ministry said.
Much of the outbound investment targeted the Belt and Road Initiative countries. Chinese companies invested US$10.78 billion in the Belt and Road countries in the first nine months — an increase of 12.3 percent year on year.
The turnover of foreign contracted projects hit US$58.49 billion, up 18.4 percent year on year.
New investment in the construction of overseas economic and trade cooperation zones was US$4.13 billion, creating value of US$14.21 billion.
Cross-border mergers and acquisitions also posted steady development, with 265 M&As by Chinese companies completed year-to-date and the total actual transactions reaching US$43.3 billion.
The structure of foreign investment has been continuously optimized.
China’s outward investment in the January-September period mainly flowed to leasing and business services, manufacturing, mining, wholesale and retail, accounting for 32.8 percent, 16.7 percent, 9.7 percent and 9.2 percent respectively.
No new investment was seen in real estate, sports and entertainment industries.
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