China’s Outbound Direct Investment Rises
The Chinese mainland made around RMB 589.2-B (US$ 95.21-B) in non-financial investment in overseas markets in the 1st 10 months of Y 2015, +16.3% Y-Y, the latest data showed Monday.
Outbound direct investment (ODI) in the period covered 5,553 overseas-based companies in 152 countries and regions, the Ministry of Commerce (MOC) said.
The number of foreign-contracted projects worth more than US$100-M increased to 307, up by 39 from last year, with the total contract amount reaching US$108.3-B in the January-October frame, said Jiang Wenbin, deputy head of the MOC Department of Outward Investment and Economic Cooperation.
The projects covered a wide range of fields including transportation, housing construction, electric power engineering, telecommunication and petrochemical industries, Jiang said.
During the period, Chinese investors spent around US$9.94-B in developing manufacturing industries in overseas markets, up 82.8% Y-Y, the data showed.
The manufacturing investment mainly went to automobiles, medicine, computers, communication devices, rubber and plastic products, Jiang said.
By Mengjiao Liu
Paul Ebeling, Editor
HeffX-LTN
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