China’s Overseas Direct Investment Surges with Silk Road
Aug. 17, 2016 (EIRNS)—During the first seven months of the year, China’s non-financial outbound direct investment (ODI) expanded over 2015 by a whopping 61.8%, reaching $102.75 billion, according to the Ministry of Commerce, as reported in Xinhua today.
While foreign direct investment (FDI) also increased, by 4.3% to $77.13 billion, this makes 2016 (at the current pace) the first year that China will be a net exporter of capital.
ODI in the United States and Germany more than doubled from a year earlier. Large overseas mergers and acquisitions over the seven months was $54.3 billion, accounting for more than half the total ODI, in 63 countries and regions, covering 15 sectors, including information transmission, services, software, and manufacturing.