Over­seas in­vest­ment surges by 28 per­cent

China Daily (Canada) - - NEWSCAPSULE -

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.

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