Arab Today, arab today china outbound investment nears 120bn in 2015
Last Updated : GMT 03:43:28
Arab Today, arab today
Arab Today, arab today

China outbound investment nears $120bn in 2015

Arab Today, arab today

Arab Today, arab today China outbound investment nears $120bn in 2015

China outbound investment nears $120 bln
Beijing - AFP

Chinese overseas direct investment (ODI) rose to nearly $120 billion last year, official data showed Wednesday, as the world's second-largest economy sought to acquire foreign technologies, expand markets and diversify energy supply.

ODI leapt 14.7 percent from a year earlier to $118.0 billion in 2015, just ahead of the previous year's expansion, according to the commerce ministry.

It remained below inward foreign direct investment (FDI) of $126.3 billion, so the world's second-largest economy remained a net importer of capital. Both ODI and FDI exclude financial sectors.

Outbound investment in the 10-member ASEAN group of Southeast Asian nations jumped 60.7 percent and was up a similar 60.1 percent to the US, the ministry said in a statement, without providing totals.

The biggest individual acquisition was state-owned ChemChina's purchase of emblematic Italian tyremaker Pirelli, ministry spokesman Shen Danyang told reporters.

Chinese firms' takeovers were "large in value and broad in terms of industries and countries involved", he said, adding they remained active in the field despite a sluggish global economy.

Beijing encourages Chinese firms to expand overseas under a so-called "go abroad" strategy as the country faces multiple development bottlenecks.

Among these are manufacturing overcapacity, insufficient domestic demand and increasing energy and resources consumption.

Slumping international commodity prices have also reduced the cost of their investments, as have some currency swings such as the weakening euro.

State-backed Unisplendour Corporation Limited announced in September it would buy 15 percent of US data storage company Western Digital Corp for $3.8 billion.

Chinese power company Three Gorges in November won the right to operate two large hydropower plants in Brazil for 13.8 billion reals ($3.4 billion).

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 china outbound investment nears 120bn in 2015 Arab Today, arab today china outbound investment nears 120bn in 2015

 



Arab Today, arab today
Arab Today, arab today Jordan airline suggests flyers 'talk'

GMT 11:59 2017 Friday ,24 March

Jordan airline suggests flyers 'talk'
Arab Today, arab today 5 Crafty Must-Have Limited-Budget Ideas

GMT 17:03 2017 Saturday ,25 March

5 Crafty Must-Have Limited-Budget Ideas
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today Former head of Egypt’s syndicate submits appeal

GMT 20:11 2017 Saturday ,25 March

Former head of Egypt’s syndicate submits appeal
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Haifa Wahby bets on her new drama show

GMT 06:04 2017 Thursday ,23 March

Haifa Wahby bets on her new drama show
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 18:57 2017 Tuesday ,21 March

Accessories designer reveals her new collection

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures

GMT 15:06 2017 Saturday ,25 March

Dialysis Supplies Dwindle for Syrians

GMT 07:36 2017 Wednesday ,22 March

US, Britain ban laptops on flights

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 19:27 2017 Saturday ,11 March

Boualsof launches "Priestess Kahina" collection
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