Date
22 August 2017

Chinese outbound investment surges this year, paper says

Chinese outbound investment surged 28.3 percent in the first eleven months of this year, China Daily reported Thursday, citing the Ministry of Commerce. Outbound investment, calculated on the basis of deals closed, rose to US$80.2 billion in the January-November period, exceeding the US$77.2 billion for all of last year, it said. In the eleven months, 72 percent of the investment was directed into seven economies —Hong Kong, ASEAN, the European Union, Australia, the United States, Russia and Japan. Commerce ministry spokesman Shen Danyang was quoted as saying Wednesday that the government will continue to negotiate agreements to boost outbound investment, including pacts with the United States and the European Union.

RA/RC

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