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Wan LixinOpinion deputy editor of Shanghai Daily
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Record expansion
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CHINA saw record expansion of outbound financial assets in 2016 as domestic investors bought overseas assets. Outbound direct investment grew by US$211 billion in 2016, up 12 percent, according to the State Administration of Foreign Exchange. Overseas securities investment grew by about US$100 billion, up about 30 percent, while foreign deposits, loans and trade credit more than doubled. China continued to see strong inbound foreign direct investment, luring US$153 billion, while inbound securities investment more than quadrupled, the SAFE said.
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