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Chinese ODI expected to slow in 2017
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CHINA’S outbound direct investment will steadily slow, but be of better quality in 2017, the Ministry of Commerce said yesterday.
Despite rapid ODI growth in 2016, Chinese companies face increased risks in investing overseas due to fluctuations in global financial markets, uncertainties in other countries’ economic policies and curbs by some developed countries on investment from China, particularly from Chinese state firms, said spokesman Sun Jiwen.
The ministry will support authentic, legal outbound investment by capable and qualified Chinese companies, according to Sun.
He said measures will be taken to prevent risks in outbound investment, regulate the market and encourage investment in the real economy and emerging industries.
China’s non-financial ODI soared 44.1 percent to US$170 billion in 2016.
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