China’s non-financial ODI surges 71.8%
Print Edition
CHINA’S non-financial outbound direct investment in January and February surged 71.8 percent over the same period of 2015, official data showed.
The country’s ODI in the first two months of 2016 hit 195.97 billion yuan (US$30 billion), the Ministry of Commerce said in a statement yesterday.
The ODI in February alone outnumbered the total for the first two months of last year.
The MOC attributed the rise to a more diversified investment portfolio. In January and February, nine of the 20 industries considered in the ministry’s calculation contributed over US$1 billion in ODI, compared with only four in the same period of 2015.
The Belt and Road initiative also accelerated business cooperation between Chinese firms and their foreign counterparts.
China’s January-February ODI to countries involved in the Belt and Road initiative stood at US$2.23 billion, a rise of 41.1 percent year on year.
Asian countries and regions were the most popular ODI destinations for Chinese firms. Investment in them accounted for about 60 percent of the total in the first two months.
ODI to Hong Kong almost doubled year on year to US$15.82 billion in the period.
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