China's non-financial ODI maintains strong growth

Updated 2018-03-15 11:40:03 Xinhua

China's non-financial outbound direct investment (ODI) maintained double-digit growth in the first two months of the year, official data showed Wednesday.

Domestic investors made 16.82 billion U.S. dollars of non-financial ODI in 1,429 overseas enterprises in 135 countries and regions for January-February, the Ministry of Commerce (MOC) said.

The investment was up 25.2 percent from the same period last year, according to the MOC.

ODI in countries along the Belt and Road has seen a strong expansion of 20.1 percent from one year earlier to 2.15 billion dollars during the first two months.

The structure of the outbound investment has been optimized, with the majority of investment going to sectors including mining, leasing, and business services, as well as manufacturing and IT services, the ministry said on its website.

The country's ODI has seen rapid growth in recent years. However, noting an "irrational tendency" in outbound investment, authorities have set stricter rules and advised companies to make investment decisions more carefully.

In a document released in August last year, the State Council said overseas investment in areas including real estate, hotels, cinemas, and entertainment would be limited, while investment in sectors such as gambling would be banned.

In the first two months, no new ODI projects were reported in sectors of real estate, sports, and entertainment, MOC said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58April 20 2019 08:39:53

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16April 20 2019 08:39:53

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18April 20 2019 08:39:53

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

China World Business Sports Showbiz Audio
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
China World Fun Travel Entertainment Sports
Beijing Shanghai Guangzhou
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords