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China's ODI Rose in January by Over 18%
2016-02-22
Brief:The Chinese Ministry of Commerce says non-financial outbound direct investment in January rose 18.2 percent from a year earlier to 12 billion US dollars.
China's Ministry of Commerce says the country's overseas investment saw a sharp rise in January, following high-speed growth over the past two years.
 
From building highways in the countryside of Africa, to refineries in the heart of the Middle Eastern desert, China has changed the landscape of world investment.
 
The Chinese Ministry of Commerce says non-financial outbound direct investment in January rose 18.2 percent from a year earlier to 12 billion US dollars. That's almost three times the growth logged in the previous month. And total volume of overseas investment had been over 1 trillion US dollars.
 
While China's outward investments in energy and resource are well known, less attention is paid to its role in expanding technology intensive projects, such as electronic equipment, medicine, and the auto industry.
 
Meanwhile, the appetite of capital flowing into China's market has also changed, as the domestic economy becomes increasingly directed by consumption. 
 
"There is a huge structural change. Most of the foreign capital was used in manufacturing in early years, then it was directed towards real estate. But in recent years, it's flowed into services and high-tech industries. 64 percent of capital was invested in these two sectors in 2014, and in 2015 it was 70 percent," said Guo Hucheng, Chinese Commerce Minister.
 
China has also kept its role as a popular destination for foreign capital in 2015, attracting 126 billion US dollars, 5.6 percent more than the previous year.

CCTV

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