China's nonfinancial outbound direct investment will maintain its fast growth in the second half of this year.
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China's favorable policies and the improvement of investment environment in host countries are major drivers of the country's fast ODI growth in recent years, Shen Danyang said. Meanwhile, Chinese enterprises began to receive remarkable gains from outbound investments, which further strengthened their confidence in overseas investments, he added.

China's nonfinancial ODI surged 29 percent year-on-year to $45.6 billion in the first half of this year, the ministry said. In the same period, spending in the United States jumped 290 percent year-on-year, and that in Australia rose 93 percent year-on-year and that in the European Union increased 50 percent year-on-year.

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