Outbound direct investment up 53.7%
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)