ODI comes close to $200b in 2016
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”.