Home / Business / Macro

China's overseas investment expansion slows

Xinhua | Updated: 2013-04-18 15:26

BEIJING - China's first-quarter overseas direct investment increased 44 percent year-on-year, a slower pace compared to the same period last year, official data showed Thursday.

The figure was sharply down from 94.5 percent recorded in the first quarter of last year, according to data from the Ministry of Commerce.

The investment, which totaled $23.8 billion excluding that in the financial sector, went to 1,621 overseas companies in 138 countries and regions, ministry spokesman Shen Danyang said at a news conference.

Direct investment doubled both in the United States and Association of Southeast Asian Nations in the first three months, while that in Russia and Japan declined 61 percent and 17 percent, respectively.

New overseas contracted projects in the first quarter increased 35 percent to $40.1 billion, bringing the total value of China's contracted projects abroad to $1.04 trillion.

By the end of March, 823,000 Chinese were working in the overseas labor service. The number was up by 14,000 from the same period last year.

China FDI stable, ODI surges

China's non-financial ODI enters 'fast lane'

China's ODI surged in 2012: ministry

China sees uptick in ODI to US and Europe

Chinese ODI set to remain steady next year


Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349