What's news

ODI surges 61.9% in first five months

Chinese companies continued to invest big in the overseas markets in the first five months of the year, official data showed. Non-financial outbound direct investment rose 61.9 percent from a year earlier to 479 billion yuan ($74 billion) in the January-May period, the Ministry of Commerce said on its website. Major investment destinations included ASEAN, Australia, the European Union, Japan, Russia and the United States, which together were in receipt of $59 billion, about four-fifths of the total. China sent 181,000 laborers to work abroad since the start of the year, bringing the total number of Chinese laborers overseas to 987,000 at the end of May.

Funds outstanding for forex drop $8.2b in May