China outbound direct investment surges

Beijing, Oct 15 (IANS) China’s non-financial outbound direct investment (ODI) surged 16.5 percent year on year to $87.3 billion in the first three quarters of 2015, the Ministry of Commerce (MOC) said on Thursday.

Foreign contracted projects rose to $137.6 billion during the January-September period, up 26.5 percent from last year, reported Xinhua.

Zhou Liujun, head of the Department of Outward Investment and Economic Cooperation of MOC, attributed the fast growth of ODI to the rise of merger and acquisition overseas by Chinese enterprises, the active investment by non-state-owned companies and local businesses, and more contracted projects in high value-added fields.

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