Out­bound di­rect in­vest­ment falls 41.9% in Jan-Sept

China Daily (Canada) - - NEWS CAPSULE -

China’s non-fi­nan­cial out­bound di­rect in­vest­ment (ODI) dropped 41.9 per­cent year-on-year in the first three quar­ters as au­thor­i­ties stepped up ef­forts to curb ir­ra­tional in­vest­ment over­seas, of­fi­cial data showed.

Chi­nese com­pa­nies in­vested a to­tal of $78 bil­lion in 5,159 en­ter­prises from 154 coun­tries and re­gions dur­ing the Jan­uary-Septem­ber pe­riod, the Min­istry of Com­merce said on its web­site.

The in­vest­ment mainly went to the leas­ing and com­mer­cial ser­vices, man­u­fac­tur­ing, whole­sale and re­tail, and in­for­ma­tion tech­nol­ogy sec­tors.

Out­bound in­vest­ment to coun­tries in­volved in the Belt and Road Ini­tia­tive stood at $9.6 bil­lion dur­ing the pe­riod, ac­count­ing for 12.3 per­cent of the to­tal ODI, up 4 per­cent­age points from the same pe­riod of 2016.

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