Chinese companies' overseas direct investments in non-financial sectors surged to $26.75 billion in the first seven months of the year, up about 50% from $17.84 billion in the first half, data from the Ministry of Commerce showed.
Zhejiang Geely Holding Group Co.'s $1.8 billion deal to buy Ford Motor Co.'s (F) Swedish Volvo Car unit was one of the key investments behind the surge, according to a statement issued by the ministry lately. The ministry didn't offer a year-on year comparison or provide monthly data.
In the seven months ended July 31, direct investments made via mergers and acquisitions totaled $6.1 billion, accounting for 22.8% of total investments during the period, the ministry said.
Top investment destinations were Hong Kong, the Cayman Islands, Sweden, Canada, Australia and the U.S., the ministry said.
Outback Pioneers of Longreach, Australia held a workshop in Beijing on 1, June. CEO of Outback Pioneers, Mr. Richard Kinnon, presented to introduce their services and products,underlining the importance of Chinese market. Outback Pioneers is about getting to the heart of its heritage and helping Chinese visitors unleash their pioneering spirit.
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