Chinese companies sped up their overseas investment activities during
the first seven months of this year amid the global economic slowdown,
according to data released by the Ministry of Commerce (MOC) on Thursday,
Xinhua news agency reports.
China's outbound direct
investment (ODI) in non-financial sectors soared 52.8 percent year on year to
US$42.22 billion in the January-July period, accelerating from the 48.2-percent
increase in the first half of this year, the MOC spokesman Shen Danyang said at
a press conference.
The country's US$42.22-billion
ODI went to 2,407 overseas enterprises in 117 countries and regions in the
period, Shen said.
The Chinese mainland's
investments in Hong Kong, countries of the Association of Southeast Asian
Nations (ASEAN) and the United States posted growth of 67.7 percent, 36 percent
and 29.6 percent, respectively, according to MOC data.
China invested US$1.03 billion in
the European Union in the first seven months, up just 1.2 percent from a year
ago, while Chinese investment in Russia inched up only 0.2 percent to US$204
million.
The country's ODI in Australia
and Japan, however, plunged 43 percent and 25.7 percent, respectively.
As of the end of July, China had
an accumulated investment of US$364 billion overseas in non-financial sectors.
According to the MOC, the
accomplished turnover of China's overseas-contracted projects amounted to
US$58.83 billion in the January-July period, up 14.5 percent year on year.
Business & Investment Opportunities
YourVietnamExpert is a division of Saigon Business Corporation Pte Ltd, Incorporated in Singapore since 1994. As Your Business Companion, we propose a range of services in Strategy, Investment and Management, focusing Healthcare and Life Science with expertise in ASEAN. We also propose Higher Education, as a bridge between educational structures and industries, by supporting international programmes. Many thanks for visiting www.yourvietnamexpert.com and/or contacting us at contact@yourvietnamexpert.com
No comments:
Post a Comment