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China鈥檚 ODI rise 21% in the first seven months
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CHINA'S outbound direct investment rose 20.8 percent from a year earlier to US$63.5 in the first seven months, with funds flowing into 4,482 overseas companies in 150 countries and regions, the Ministry of Commerce said today.
But in July alone, the outbound investment cut 18.6 percent to US$7.5 billion, the second straight month for it to report a decline.
Ministry Spokesman Shen Danyang said the sharp drops in both June and July were due to a high comparative base last year when China secured two huge projects in foreign countries.
China's investment in the 48 countries involved in the "One Belt, One Road" initiative soared 29.5 percent to US$8.6 billion in the first seven months. Singapore, Indonesia, Laos, Russia and Thailand were among the main destinations, the ministry said.
The investment in the European Union, Australia and Japan lost 36.1 percent, 35.6 percent and 8.3 percent respectively during the period.
In 2014, China's outbound direct investment reached US$116 billion, only slightly below the inbound foreign investment.
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