Chinese Make USD68.72 billion of Outbound Foreign Direct Investment in 8 Months

Chinese Make USD68.72 billion of Outbound Foreign Direct Investment in 8 Months

Liao Shumin

Date: Thu, 09/14/2017 - 16:19 / Keywords: The Ministry of Commerce, Outward Foreign Direct Investment
Chinese Make USD68.72 billion of Outbound Foreign Direct Investment in 8 Months
Chinese Make USD68.72 billion of Outbound Foreign Direct Investment in 8 Months

(Yicai Global) Sept. 14 -- Chinese investors made USD68.72 billion of newly-added non-financial outbound foreign direct investment in the first eight months of this year, down 41.8 percent annually, Ministry of Commerce spokesman Gao Feng said at a press conference today.

The investment to and cooperation with countries along the path of the Belt and Road proceeded stably, Gao said. Chinese enterprises made new investments worth USD8.55 billion to 52 countries along the Belt and Road from January to August, accounting for 12.4 percent of all investment in the same period, 4.3 percentage points higher than in the first eight months of last year.

Outward investment’s decline is decelerating, and China is optimizing industrial structures, said Gao. From January to August, China’s non-financial outbound foreign direct investment decreased by 2.5 percentage points less than it did from January to July. Outward investment mainly flowed to leasing and business services (31.3 percent), manufacturing (16.9 percent), wholesale and retail (12.6 percent) and information transmission, software and information technology services (10.9 percent), commerce ministry data show.

China did not add any new outward investment projects in real estate, sports and entertainment last month, the Ministry of Commerce said.

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Keywords: The Ministry of Commerce, Outward Foreign Direct Investment