A first: Private firms lead in outbound investment
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.