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Monday, December 26, 2016, 16:53

China ‘to see’ higher ODI, stable FDI in 2016

By Xinhua

China ‘to see’ higher ODI, stable FDI in 2016
In this undated file photo, workers assemble smartphones at a Foxconn Technology Group plant in Yantai, Shandong province. (Provided To China Daily)
BEIJING – Foreign direct investment (FDI) in China will remain stable for 2016 from last year, while outbound direct investment (ODI) will post strong growth, the Ministry of Commerce said Monday.

China's total FDI for 2015 rose 6.4 percent from 2014 to US$126.27 billion

FDI, which excludes investment in the financial sector, is likely to be around 785 billion yuan, or US$126 billion this year, the ministry said in a statement on its website, citing a report delivered by Commerce Minister Gao Hucheng.

Total FDI for 2015 rose 6.4 percent from 2014 to US$126.27 billion.

Meanwhile, China's full-year non-financial ODI is expected to stand at around 1.12 trillion yuan (about US$161.17 billion), said the minister.

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In 2015, China's ODI hit an all-time high of US$118 billion.

FDI rose 3.9 percent year on year to reach 731.8 billion yuan during the January-November period this year, while ODI increased 55.3 percent year on year to reach US$161.7 billion.

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For next year, the ministry will work to further stabilize foreign trade and facilitate the healthy and orderly development of outbound investment, said Gao.

The ministry will also make efforts to enhance bilateral cooperation, promote international trade and investment facilitation and step up risk prevention in key commercial areas, he said.

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