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Wan LixinOpinion deputy editor of Shanghai Daily
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Direct investment in the US a record high
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CHINA’S direct investment in the United States reached a record US$8 billion last year as Chinese firms continued to expand overseas.
Investment in the US accounted for 5.5 percent of its total outbound direct investment, with manufacturing attracting the most — US$4 billion, up 122.2 percent year on year — according to a report by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange.
Chinese firms carried out 97 mergers and acquisitions in 2015, worth US$13.1 billion, the report said.
Of existing investment in the US, manufacturing also accounted for the largest share — 26.3 percent — with a total value of US$10.7 billion.
The majority of that investment went to car making, ferrous metal smelting, medicine and transport equipment manufacturing, the report said.
The country’s non-financial outbound direct investment hit US$146 billion dollars last year, exceeding the US$136 billion in foreign direct investment it received and making it a net capital exporter for the first time.
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