ODI jumps, helped by B&R money

Source: Xinhua | 2018-07-18

CHINA’S non-financial outbound direct investment saw steady growth in the first half of 2018, official data showed yesterday.

Domestic investors made US$57.2 billion of non-financial ODI in over 3,600 overseas enterprises in 151 countries and regions in the first six months, the Ministry of Commerce said, up 18.7 percent from the same period last year.

ODI in Belt and Road Initiative countries rose 12 percent from a year earlier to US$7.4 billion.

The structure of outbound investment continued to improve, with investment mainly going into leasing and business services, manufacturing, mining and retail and wholesale sectors.

No new projects were reported in sectors such as property development, sports and entertainment.

By end-June, China had 113 economic and trade cooperation zones in 46 countries, with a total investment of US$34.9 billion. The zones earned total tax revenue of US$2.9 billion dollars.