China's outbound investment continues rapid growth

China's non-financial outbound direct investment (ODI) continued to see double-digit growth in the first quarter of the year, official data showed Monday.

Domestic investors made 25.5 billion U.S. dollars of non-financial ODI in 2,023 overseas enterprises in 140 countries and regions for January-March, the Ministry of Commerce (MOC) said.

The figure was up 24.1 percent from the same period last year, according to the MOC.

ODI in countries along the Belt and Road maintained strong expansion, rising 22.4 percent from one year earlier to 3.61 billion dollars during the first three months.

The structure of outbound investment has been optimized, with the majority of investment going to sectors including leasing, mining,manufacturing and IT services, the ministry said on its website.

The country's ODI has seen rapid growth in recent years. However, noting an "irrational tendency" in outbound investment, authorities have set stricter rules and advised companies to make investment decisions more carefully.

In a document released in August last year, the State Council said overseas investment in areas including real estate, hotels, cinemas, and entertainment would be limited, while investment in sectors such as gambling would be banned.

In the first three months, no new ODI projects were reported in the real estate, sports, and entertainment sectors, MOC said.


Editor: liuyue
Today’s Recommendations

President's Russia visit eyes global stability

President Xi Jinping's upcoming visit to Russia reflects close cooperation between China and Russia, which is important to maintain the stability of the international community amid rising uncertainties.【detailed】

Belt and Road infrastructure index still at high level

The Belt and Road Infrastructure Development Index, a key indicator of the prospects of B&R economies' infrastructure sector, remains stable at 119 in 2019, a report said on Thursday.【detailed】