Off the wire
• China Focus: SCO stresses regional economic growth, backs Chinese proposals  • Results of WCBA League  • 2 police killed, 3 wounded in bomb attack in SE Turkey  • Smog hits east China again; outdoor school activities halted  • News Analysis: What factors affect peace negotiations in Libya?  • Xinhua Insight: "Version 2.0" of China's Internet governance  • Spanish automobile trade mission to search business opportunities in China  • China Focus: Golden dawn of China's Internet industry  • China issues guidance for internal control of insurance funds  • Death toll from dengue fever reaches 204 in Taiwan  
You are here: 　 Home

China's Jan.-Nov. outbound direct investment up 16 pct

Xinhua, December 15, 2015 Adjust font size:

The Chinese mainland made around 104 billion U.S. dollars in non-financial investment in overseas markets in the first 11 months of 2015, up 16 percent year on year, an official of the Ministry of Commerce (MOC) said on Tuesday.

Outbound direct investment (ODI) in the period covered almost all sectors, with 11.8 billion U.S. dollars going to the manufacturing sector, up 95.4 percent year on year, according to the head of the department of outward investment and economic cooperation of the MOC, who expects China will far exceed the target of 10-percent growth in ODI for the whole year.

Chinese companies are building 75 economic and trade cooperation zones in 34 countries, which have generated 18 billion U.S. dollars of ODI and attracted 1,141 Chinese firms, said the official.

The official also attributed the ODI growth to the Belt and Road Initiative, the acceleration of international industrial-capacity cooperation, more competitive companies and a more favorable business environment.

The first 11 months have witnessed robust growth in industrial-capacity cooperation, with China's export of large-scale complete sets of equipment increasing 10 percent year on year. Endi