China Firms' Jan-Jul Overseas Investments Up 50% Vs 1st Half- China Business Network

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China Firms' Jan-Jul Overseas Investments Up 50% Vs 1st Half

2010-08-17

Brief：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.

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.

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Tags：Chinese, overseas investments, non-financial, total, invest

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