Chinese companies continue investing overseas
July 25, 2016 Category Foreign investment, Weekly
Chinese companies continued to boost their overseas investment in the first half of the year. China’s non-financial outbound direct investment (ODI) rose 58.7% from a year earlier to CNY580.28 billion. In June, ODI rose 44.9% year-on-year to CNY100.17 billion. Around USD17.59 billion went to manufacturing in the first half, up substantially by 245.6% from a year ago. Chinese companies secured around USD51.45 billion worth of projects in 61 countries involved in the Belt and Road initiative in the first six months, up 37% from a year ago.
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