ODI in Australia soars by 56%
By Jing Shuiyu in Beijing and Xie Chuanjiao in Qingdao, Shandong | China Daily | Updated: 2017-02-22 07:51
China's outbound direct investment into Australia surged 56.1 percent year-on-year to $3.68 billion in 2016, exceeding the growth rate of the country's overall ODI, the Ministry of Commerce said on Tuesday.
The investment mainly flowed into sectors including real estate, leasing and commercial services and transportation, said Vice-Minister of Commerce Wang Shouwen.
The growth rate of China's ODI in 2016 was 44.1 percent.
Photo
