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Thursday, October 15, 2015, 12:08

China outbound direct investment surges

By Xinhua

BEIJING - China's non-financial outbound direct investment (ODI) surged 16.5 percent year on year to US$87.3 billion in the first three quarters of 2015, the Ministry of Commerce (MOC) said on Thursday.

Foreign contracted projects rose to US$137.6 billion during the January-September period, up 26.5 percent from last year. Accomplished turnover climbed 9.2 percent to US$100.8 billion, data showed.

Zhou Liujun, head of the Department of Outward Investment and Economic Cooperation of MOC, attributed the fast growth of ODI to the rise of merger and acquisition overseas by Chinese enterprises, the active investment by non-state-owned companies and local businesses, and more contracted projects in high value-added fields.

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