Sec­ond-largest FDI in 2016

The Star Early Edition - - BUSINESS REPORT -

CHINA rose to the po­si­tion of the sec­ond-largest source of out­ward for­eign di­rect in­vest­ment (FDI) for the first time in 2016, a re­port showed yes­ter­day. FDI out­flows from China in­creased 44 per­cent year on year to $183 bil­lion (R2.35 tril­lion) last year, driven by a surge in cross-bor­der merg­ers and ac­qui­si­tions by Chi­nese firms, ac­cord­ing to the World In­vest­ment Re­port 2017. The re­port was jointly re­leased by the United Na­tions Con­fer­ence on Trade and De­vel­op­ment (Unctad) and the Chi­nese Academy of In­ter­na­tional Trade and Eco­nomic Co­op­er­a­tion un­der the Min­istry of Com­merce. The US re­mained the largest in­vestor world­wide, while the Nether­lands ranked third. In 2016, China’s FDI out­flows were 36 per­cent more than the amount of its in­flows, says the re­port. – Xin­hua

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