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October 17, 2019

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Non-finance ODI up 3.8% in first Q3s

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.


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