China鈥檚 ODI tumbles nearly 42%
Print Edition
CHINA’S non-financial outbound direct investment dropped 41.9 percent year on year in the first three quarters, official data showed yesterday.
Chinese companies invested US$78 billion in 5,159 enterprises from 154 countries and regions during January-September, according to the Ministry of Commerce.
The investment was mainly channeled to leasing and commercial services, manufacturing, wholesale and retail, and information technology sectors.
Outbound investment to countries involved in the Belt and Road Initiative stood at US$9.6 billion during the nine-month period, accounting for 12.3 percent of the total ODI, up 4 percentage points from the same period in 2016.
No new projects were reported in property, sport and entertainment, where the government has been seeking to limit investment.
China’s ODI has seen rapid growth in recent years. However, noting an “irrational tendency” in outbound investment, since last year Chinese authorities have set stricter rules and advised companies to make investment decisions more carefully.
In a document released in August, the State Council said overseas investment in areas including real estate, hotels, cinemas, and entertainment would be limited, while investments in sectors such as gambling would be banned.
The document also imposed restrictions on the setup of overseas private equity funds or other investment platforms without specific projects, and limited investments that did not meet technological, environmental, or safety standards.
In the meantime, investments related to the Belt and Road Initiative and those conducive to the country’s industrial upgrading will be encouraged, according to the document.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
