chinas overseas investment soars as fdi drops again
Last Updated : GMT 22:54:58
Arab Today, arab today
Arab Today, arab today

China's overseas investment soars as FDI drops again

Arab Today, arab today

Arab Today, arab today China's overseas investment soars as FDI drops again

China's outbound investment
Beijing - AFP

China's outbound investment more than doubled year-on-year in August to $12.62 billion, data showed Tuesday, far outstripping foreign direct investment (FDI) into the country, which dropped to a new multi-year low.
China has been actively acquiring foreign assets, particularly energy and resources, to power its economy.
Beijing has encouraged companies to "go out" and make overseas acquisitions to gain market access and international experience, and officials have said overseas direct investment (ODI) could exceed FDI this year.
The 112.1 percent increase in ODI announced by the commerce ministry was a dramatic contrast to the 14.0 percent year-on-year fall in FDI, which dropped to $7.20 billion. Both sets of figures exclude investment in financial sectors.
FDI was also less than July's $7.81 billion, which was the lowest since July 2012.
Commerce ministry spokesman Shen Danyang denied any link to Beijing's multiple probes into foreign companies.
Chinese authorities have in recent months launched anti-monopoly, pricing and other inquiries into scores of foreign firms in sectors ranging from auto manufacturing and pharmaceuticals to baby milk.
The investigations have raised concerns among investors that Beijing is targeting overseas companies.
But Shen denied any connection between the investigations and the fall in FDI. "They are not related," he said, declining to comment further.
For the first eight months of the year, China's ODI was up 15.3 percent to $65.17 billion.
In that period, investment into the EU soared by 257.1 percent, leaped 116.7 percent into Japan, and jumped 73.3 percent into Russia, the ministry said without giving totals.
It climbed 16.0 percent into the US, reaching $3.26 billion.
Ministry officials were unable to explain immediately the huge monthly increase.
Also in the first eight months, FDI was down 1.8 percent year-on-year to $78.34 billion.
It slumped 43.3 percent from Japan -- which is embroiled in territorial and historic rows with Beijing -- to $3.16 billion, fell 17.9 percent from the EU to $4.20 billion, and dropped 16.9 percent from the US to $2.08 billion.
But from South Korea -- which has been enjoying closer diplomatic ties with China -- it climbed 31.3 percent to $3.02 billion, and from Britain it rose 18.9 percent to $850 million.
China's economy expanded 7.7 percent in 2013, the same as 2012 -- the worst pace since 7.6 percent in 1999.
Beijing's official growth target for this year is 7.5 percent, also the same as in 2013, while gross domestic product grew 7.4 percent in the first half of this year.

 

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*

chinas overseas investment soars as fdi drops again chinas overseas investment soars as fdi drops again

 



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*

chinas overseas investment soars as fdi drops again chinas overseas investment soars as fdi drops again

 



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 Visit Jamaica for more than just sun

GMT 09:45 2017 Tuesday ,21 November

Visit Jamaica for more than just sun
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today UN warns of conflict in Gaza

GMT 08:39 2017 Tuesday ,21 November

UN warns of conflict in Gaza
Arab Today, arab today Missouri problem mirrors woes

GMT 06:46 2017 Tuesday ,21 November

Missouri problem mirrors woes
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
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 VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Fedra happy for “Between Two Worlds” success

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 00:54 2017 Monday ,20 November

Mideast in danger as London explores

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village

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