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Non-financial Overseas Direct Investment Soaring

2006-04-26 17:08:04 Xinhua

 

   BEIJING, April 26 (Xinhua) -- China’s non-financial overseas direct investment surged 280 percent to 2.68 billion U.S. dollars in the first quarter of this year, a source with the Ministry of Commerce said here on Tuesday.
  
  The source said China’s non-financial overseas direct investment mainly went to Asian countries and regions, which came to 1.32 billion dollars, accounting for 49.2 percent of the total.
  
  Latin America came in second place while investment amounted to 930 million dollars, making up 34.9 percent of the total.
  
  The investment in Europe hit 300 million dollars, accounting for 11.3 percent of the total, while the country’s investment in Africa stood at 100 million dollars, accounting for 3.8 percent of the total.
  
  China’s investment mainly focuses on commerce and service, manufacturing, mining, agriculture, forestry, animal husbandry and fishing industries, as well as wholesale and retail sale, communication and transportation, storage and postal service sectors.
  
  
  


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