CHINA China's ODI up 5.1 pct in Jan-Sept

CHINA

China's ODI up 5.1 pct in Jan-Sept

Xinhua

20:22, October 17, 2018

BEIJING, Oct. 17 (Xinhua) - China's non-financial outbound direct investment (ODI) rose 5.1 percent in the first three quarters of 2018, official data showed Wednesday.

Domestic investors made 82.02 billion US dollars of non-financial ODI in 4,597 overseas enterprises in 155 countries and regions in the first nine months, the Ministry of Commerce said in a statement.

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ODI in countries along the Belt and Road rose 12.3 percent from a year earlier to 10.78 billion dollars during the first nine months. The structure of outbound investment continued to improve, with investment mainly going into leasing and business services, manufacturing, mining, and retail and wholesale sectors.

No new projects were reported in sectors such as property development, sports and entertainment, the statement said.

By the end of September, China had built 113 overseas economic and trade cooperation zones in 46 countries, with a total investment of 36.63 billion dollars and attracting more than 4,600 companies.  Companies in the cooperation zones created a total output of 111.71 billion dollars and tax revenue of 3.08 billion dollars, the ministry said.

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