china outbound investment nears 120bn in 2015
Last Updated : GMT 20:32:53
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).

arabstoday
arabstoday

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*

china outbound investment nears 120bn in 2015 china outbound investment nears 120bn in 2015

 



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*

china outbound investment nears 120bn in 2015 china outbound investment nears 120bn in 2015

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today PNG police start removing refugees

GMT 03:00 2017 Friday ,24 November

PNG police start removing refugees
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria congress to go ahead

GMT 02:24 2017 Friday ,24 November

Syria congress to go ahead
Arab Today, arab today IS media offline for a day

GMT 02:10 2017 Friday ,24 November

IS media offline for a day
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Human form of 'mad cow' disease

GMT 00:11 2017 Friday ,24 November

Human form of 'mad cow' disease
Arab Today, arab today British woman jailed in Iran to appear

GMT 03:19 2017 Friday ,24 November

British woman jailed in Iran to appear
Arab Today, arab today 'Trash islands' off Central America indicate

GMT 20:19 2017 Friday ,24 November

'Trash islands' off Central America indicate
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mitsubishi Materials units falsified product

GMT 03:24 2017 Friday ,24 November

Mitsubishi Materials units falsified product
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Solaf happy for participating in “Hotline”

GMT 07:56 2017 Wednesday ,22 November

Solaf happy for participating in “Hotline”
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead

GMT 08:03 2017 Tuesday ,21 November

Abeer Sabry reveals reason of “The Flood” success

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 09:12 2017 Thursday ,23 November

4 in 10 cancers due to modifiable risk

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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