Business / Economy

China's ODI surged in 2012: ministry

By Li Jiabao ( Updated: 2013-01-16 16:58

China's non-financial outbound direct investment in 2012 increased 28.6 percent year-on-year to $77.22 billion, Shen Danyang, spokesman of the Ministry of Commerce told a news briefing on Wednesday.

Chinese investment in Russia jumped 117.8 percent year-on-year in 2012, while investment in the United States increased 66.4 percent year-on-year and it was up 47.8 percent year-on-year in Japan.

Chinese non-financial ODI in Asean countries rose 52 percent year-on-year in 2012.

China's provincial investors' ODI was $28.19 billion or 36.5 percent of China's total non-financial ODI in 2012, up 38.9 percent year-on-year. The provinces of Guangdong, Shandong, Jiangsu, Liaoning and Zhejiang are top investors in overseas destinations.

In 2011, China's non-financial ODI was $68.58 billion, up 14 percent compared with the previous year.

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