ODI drops on halt to irrational activity

Ministry says it found no new spending in sport, real estate in first eight months

China's outbound direct investment from non-financial sectors dropped 41.8 percent year-on-year to $68.72 billion between January and August, as the country halted irrational investment activities since the end of 2016, the Ministry of Commerce said on Thursday.

The drop in the country's ODI during this period narrowed from the 44.3 percent year-on-year decline in the first seven months to $57.2 billion.