Non-financial ODI booms
Print Edition
CHINA’S non-financial outbound direct investment continued to grow by double digits in the first quarter of the year, official data showed yesterday.
Domestic investors made US$25.5 billion of non-financial ODI in 2,023 overseas enterprises in 140 countries and regions during January-March, the Ministry of Commerce said.
The figure surged 24.1 percent from the same quarter last year, the ministry said.
ODI in countries along the Belt and Road jumped 22.4 percent from one year earlier to US$3.61 billion during the first three months.
The structure of outbound investment has been optimized, with the majority of capital going to leasing, mining, manufacturing and IT services, the ministry said on its website.
China’s ODI has risen rapidly in recent years. Noting an “irrational tendency” in outbound investment, authorities have set stricter rules and advised companies to make investment decisions more carefully.
In a document released in August last year, the State Council said overseas investment in real estate, hotels, cinemas, and entertainment would be limited, while investment in gambling would be banned.
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