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China’s Jan-May outbound direct investment surges
June 16, 2016, 4:28 am

Chinese outbound direct investment will continue to grow at more than 10 percent per annum, a report from international accounting firm KPMG showed earlier this year [Xinhua]

Chinese outbound direct investment will continue to grow at more than 10 per cent per annum, a report from international accounting firm KPMG showed earlier this year [Xinhua]

Chinese companies continued to invest big in the overseas market in the first five months of the year, official data showed on Wednesday.

China’s non-financial outbound direct investment (ODI) rose 61.9 per cent from a year earlier to 479 billion yuan ($74 billion) in January-May period, the Ministry of Commerce said on its website.

Major investment destinations included ASEAN, Australia, the EU, Hong Kong SAR, Japan, Russia and the United States, which together were in receipt of $59 billion, about four fifth of the total.

China had sent 181,000 labourers to work abroad since the start of the year, bringing the total number of Chinese labourers overseas to 987,000 at the end of May, down 20,000 from the same period last year.

Chinese outbound direct investment will continue to grow at more than 10 percent per annum, a report from international accounting firm KPMG showed earlier this year.

 

Source: Agencies