China's outbound investment totalled US$5.65 billion in the first 11 months of 2005, three times higher than the same period last year, state media reported. However, the figure was only slightly higher than the total for 2004, which was boosted by PC maker Lenovo's US$1.75 billion acquisition of IBM last December. Information and telecoms, mining and manufacturing accounted for 90% of outbound investment in the period. Two-thirds of all investment was in Asia but North America, Africa and Oceania all registered year-on-year outbound investment growth of more than 80%.
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