China’s outbound direct investment (ODI) is on track to pass US$1 trillion this year as local firms invest abroad in response to slowing economic growth, Reuters reported, citing figures from the Ministry of Commerce. Non-financial ODI rose 18.2% to US$473 billion (US$107.2 billion) for the year’s first eight months. Chinese companies have already announced or completed 390 deals worth US$77 billion in the year to the end of September 2016, according to Reuters data – a doubling of the total amount of money involved in deals over the same period last year. Total ODI rose to just below US$883 billion in 2014.
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