A first: Pri­vate firms lead in out­bound in­vest­ment

China Daily (Canada) - - NEWS CAPSULE -

China’s pri­vate com­pa­nies have taken the lead over sta­te­owned en­ter­prises in the coun­try’s surg­ing out­bound in­vest­ment for the first time, a govern­ment re­port said.

Pri­vate en­ter­prises are lead­ing in the amount in­vested and the num­ber of merg­ers and ac­qui­si­tions abroad, of­fi­cials said.

The change has taken place as out­bound direct in­vest­ment (ODI) sur­passed for­eign direct in­vest­ment last year, also for the first time.

Pri­vate com­pa­nies ac­counted for 65.3 per­cent of the to­tal ODI, by the end of last year, ac­cord­ing to the 2015 Sta­tis­ti­cal Bul­letin of China’s Out­ward For­eign Direct In­vest­ment.

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