China moved up from sixth to third place in 2012 in terms of outward foreign direct investment - after the US and Japan - while a recent survey listed the world's second-largest economy as "the most promising source" of FDI, according to an annual report of the United Nations Conference on Trade and Development.

China's outbound direct investment into non-nancial sectors increased 20 percent year-on-year to $34.3 billion in the first five months of the year, while spending surged 28.6 percent year-on-year to $77.2 billion in 2012, according to the Ministry of Commerce.

FDI from China set a record in the US in 2012, with completed deals worth $6.5 billion, a 17 percent increase from the previous record of $5.5 billion in 2010, according to New York-based Rhodium Group, which tracks overseas Chinese investment.

The most alluring sectors in the US were oil and gas extraction, advanced manufacturing operations - that helped Chinese firms move up the value chain - and assets that allowed investors to store value and gain stable returns such as utilities, real estate or hospitality, said the group.

The US jumped from fourth place to the top - with China and Brazil taking second and third spots - last year for the 1 rst time since 2001, according to the 2013 Foreign Direct Investment Confidence Index by global consulting 1 rm A.T. Kearney. 
 

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