Non-finance ODI up 3.8% in first Q3s

Advanced Search

The story appears on

Page A10

October 17, 2019

GET this page in PDF

Free for subscribers

View shopping cart

Non-finance ODI up 3.8% in first Q3s

Source: Xinhua | 00:00 UTC+8 October 17, 2019 |

Print Edition

China’s non-financial outbound direct investment posted steady growth in the first three quarters of the year, data showed yesterday.

Non-financial ODI in 164 countries and regions amounted to 555.11 billion yuan (US$78.5 billion) in the period, up 3.8 percent year on year, according to the Ministry of Commerce.

The pace accelerated from the 2.7 percent growth registered in the first eight months.

In September alone, China’s ODI jumped 14.2 percent year on year to roughly 62 billion yuan.

Chinese companies enhanced cooperation with countries participating in the Belt and Road Initiative during the first nine months, adding a total of US$10.04 billion of new investment in 56 Belt and Road countries, accounting for 12.4 percent of the total.

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 or entertainment.

Business

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

Non-finance ODI up 3.8% in first Q3s

Email this to your friend