ODI comes close to $200b in 2016

China Daily (Canada) - - NEWS CAPSULE -

China's over­seas di­rect in­vest­ment soared an es­ti­mated 40 per­cent to a record $189 bil­lion in 2016 from the pre­vi­ous year, ac­cord­ing to a study.

Europe emerged as a key in­vest­ment des­ti­na­tion, as the coun­try's in­vest­ments in the EU jumped 77 per­cent to over 35 bil­lion eu­ros, with Ger­many grab­bing 11 bil­lion or 31 per­cent of the to­tal, ac­cord­ing to the re­port by the US con­sul­tancy Rhodium Group and Ber­lin-based Mer­catur In­sti­tute for China Stud­ies.

Chi­nese in­vestors have shown par­tic­u­lar in­ter­ests in ad­vanced man­u­fac­tur­ing and ser­vice sec­tors, the re­port said, cit­ing last year’s mega deals in­clud­ing the ac­qui­si­tion of KUKA, Skyscan­ner and the cin­ema chain Odeon.

Al­though of­fi­cial full-year ODI data is not yet avail­able, Rhodium Group ex­pects the in­crease will ce­ment “China’s role as one of the top di­rect in­vestor na­tions glob­ally”.

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