Out­bound di­rect in­vest­ment up 53.7%

China Daily (USA) - - NEWS CAPSULE -

China’s out­bound di­rect in­vest­ment jumped 53.7 per­cent yearon-year to 882.78 bil­lion yuan ($134.22 bil­lion) in the first three quar­ters of this year, the Min­istry of Com­merce said on Tues­day.

Chi­nese com­pa­nies com­pleted 521 over­seas merger and ac­qui­si­tion projects, in­clud­ing 119 in the United States, dur­ing the first nine months, with the trans­ac­tion value reach­ing $67.44 bil­lion, sur­pass­ing the to­tal amount of last year.

The merg­ers and ac­qui­si­tions in­volved 18 in­dus­tries in 67 coun­tries and re­gions.

The US, the Cay­man Is­lands and Hong Kong ranked the top three hot des­ti­na­tions for Chi­nese main­land in­vest­ment, with a to­tal amount of $16.24 bil­lion, $15.71 bil­lion and $9.32 bil­lion re­spec­tively. (Photo 4)

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