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China among top-3 global investors
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China became the world’s third-largest investor for the first time last year when its outbound investments rose 17.6 percent to US$87.8 billion while other global investors cut their investment by 17 percent, according to a document released by the Ministry of Commerce yesterday.
Commerce, finance, refinery, retail, wholesale, manufacturing, logistics and construction were the main industries that attracted most Chinese outbound investment, according to the 2012 statistical bulletin of China’s outbound direct investment.
Chinese outbound investment to the United States accelerated 123.5 percent in 2012 to US$4.04 billion, making the US the second-largest overseas market for Chinese mainland funds after Hong Kong.
Although Chinese investors have tried to diversify their investment destinations in recent years, Asia, Europe and Africa remained the favored locations for Chinese capital.
But China ranked only 13th globally for the overall outbound investment of US$531.9 billion the country had accumulated by the end of last year.
This is because China’s outbound investment started much later compared with developed countries. So its total investment amount equaled only to 10.2 percent of the US’, 29.4 percent of the UK’s, 34.4 percent of Germany’s, 35.5 percent of France’s, and 50.4 percent of Japan’s, according to the bulletin.
Chinese outbound investment also contributed to the host countries in terms of tax and job creation. According to the bulletin, the tax produced by the Chinese outbound investment totaled US$22.1 billion last year, and 1.49 million jobs were created.
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