Arab Today, arab today chinese overseas investment soars by 147 as sectors grow
Last Updated : GMT 10:47:46
Arab Today, arab today
Arab Today, arab today

New $18.39bn figure exceeds national investment

Chinese overseas investment soars by 147% as sectors grow

Arab Today, arab today

Arab Today, arab today Chinese overseas investment soars by 147% as sectors grow

China’s direct investment overseas surged almost 30%
Beijing – Arabstoday

China’s direct investment overseas surged almost 30% Beijing – Arabstoday Chinese investment overseas in January and February soared 147 percent year-on-year to $18.39bn, official data showed on Tuesday -- more than foreign direct investment into the country itself .Incoming FDI, which excludes financial sectors, stood at $17.48bn over the period, the Commerce Ministry said, down 1.35 percent year-on-year.
Beijing is keen to promote overseas investment in part of its efforts to reform China\'s growth model and acquire significant foreign assets in sectors such as energy, mining and high-tech industries, analysts said.
\"It should be a trend in the long run -- it is highly likely that overseas direct investment will exceed foreign direct investment in the next few years,\" Ren Xianfang, a Beijing-based analyst with research firm IHS Global Insight, told AFP.
\"It is a national strategy to transfer China to a big investor from a big exporter.\"
Chinese direct investment overseas surged almost 30 percent last year from 2011 as firms in the world\'s second-largest economy increasingly look to expand abroad.
The biggest rise in Chinese investment in a major market over January and February was in Australia, where it surged 282 percent, the Ministry said.
It was followed by Hong Kong, up 156 percent, and the US with a 146 percent increase, while in south-east Asia it went up 114 percent and in the EU 81.9 percent.
However, in Japan, with whom Beijing has been involved in a territorial row, investment was down 31 percent. Overseas FDI to Russia also slipped 46 percent.
At the same time China\'s manufacturing competitiveness faces rising costs, while investor confidence is battered by weakness in the global economy.
Nonetheless incoming FDI in rose 6.3 percent to $8.21bn in February, the first year-on-year increase in nine months, the Commerce Ministry said.
EU investment into China increased \"quite rapidly\" in the first two months of the year, the Ministry said in a statement, rising 34.01 percent to $1.214bn.
But FDI fell from the US and Asia, with Japanese investment down 6.7 percent over the period to $1.269bn.
China\'s economy grew at its slowest pace in 13 years in 2012, expanding 7.8 percent from the year before.
But it has been showing renewed vigour, with GDP growth accelerating in the final three months of 2012 to 7.9 percent, snapping seven straight quarters of weakening expansion.
Month-to-month comparisons at the start of the year in China can be heavily affected by seasonal factors as China\'s annual Lunar New Year holiday can fall in either January or February.
China takes a week off during the break, the country\'s biggest, as hundreds of millions of people travel back to their hometowns for celebrations.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinese overseas investment soars by 147 as sectors grow Arab Today, arab today chinese overseas investment soars by 147 as sectors grow

 



Arab Today, arab today
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Blind sheikh buried in Egypt

GMT 06:32 2017 Thursday ,23 February

Blind sheikh buried in Egypt
Arab Today, arab today Media host Mona Iraqi stresses her show's success

GMT 15:32 2017 Wednesday ,22 February

Media host Mona Iraqi stresses her show's success

GMT 09:57 2017 Tuesday ,21 February

Greece agrees to bailout reforms compromise

GMT 09:55 2017 Monday ,20 February

Thailand 2016 growth up but below junta target

GMT 09:29 2017 Monday ,20 February

Kraft Heinz withdraws bid for Unilever

GMT 09:22 2017 Monday ,20 February

China's huge debt poses big headache for central bank

GMT 18:23 2017 Sunday ,19 February

Darwesh vows to provide job opportunities for youth

GMT 12:10 2017 Sunday ,19 February

Welcomes the F&B solution of the future

GMT 10:06 2017 Friday ,17 February

South Korea's Hanjin Shipping declared bankrupt
View News in Arabic - Business: أخبار الأعمال
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Salma Rashid happy for 'A Whisper of Love'

GMT 05:19 2017 Tuesday ,21 February

Salma Rashid happy for 'A Whisper of Love'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 07:51 2017 Wednesday ,22 February

Mom's immune system accepts babies

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday