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December 23, 2009

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China's ODI Set To Top US$42b in 2009

CHINA'S Ministry of Commerce said yesterday that annual overseas direct investment from non-financial sectors is expected to top US$42 billion in 2009.

Non-financial ODI in the first nine months stood at US$32.87 billion, up 0.5 percent year on year.

Investment in overseas markets in the first nine months includes establishing marketing networks, securing advanced technologies from overseas countries and overseas acquisitions, the ministry said, adding overseas acquisitions contributed 43.5 percent of the total.

China reported US$64.77 billion of business in the overseas-contracted projects in January to November, up 37.5 percent from the corresponding period last year.


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