Overseas investment surges by 28 percent
Chinese outbound investment rose 28.3 percent in the first 11 months of the year as the world’s second-largest economy acquired foreign assets.
Outbound investment, calculated on the basis of deals closed, rose to $80.2 billion in the January-November period, exceeding the $77.2 billion for all of last year, the Ministry of Commerce said.
From January to November, 72 percent of the investment went into seven economies — Hong Kong, ASEAN, the European Union, Australia, the United States, Russia and Japan, said Shen Danyang, spokesman for the ministry.
Investment in the US jumped by 232 percent, and China’s investment in Russia soared nearly sevenfold in the first 11 months, supported by “big projects”, Shen said.