BUSINESS China's outbound investment up 3.3 pct in Jan-July

BUSINESS

China's outbound investment up 3.3 pct in Jan-July

Xinhua

16:15, August 15, 2019

BEIJING, Aug. 15 (Xinhua) -- China's non-financial outbound direct investment (ODI) maintained steady growth in the first seven months of the year, official data showed Thursday.

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Photo: VCG

Non-financial ODI in 153 countries and regions amounted to 432.92 billion yuan (about 61.6 billion U.S. dollars) in the period, up 3.3 percent year on year, according to the Ministry of Commerce.

In July alone, the ODI surged 25.5 percent year on year to 68.06 billion yuan.

During the first seven months, Chinese companies added a total of 7.97 billion dollars of investment in 52 countries participating in the Belt and Road Initiative, accounting for 12.5 percent of the total.

The structure of outbound investment continued to improve, with investment mainly going into sectors including leasing and business services, manufacturing, wholesale and retail as well as mining, according to the ministry.

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