Irrational outbound investment curbed

Irrational outbound direct investments made by Chinese enterprises have been curbed as the world's second-largest economy strives for the healthy development of this field, high-ranking officials said.

In the first three quarters, the ODI in non-financial sectors reached $78 billion, with structure prioritized and no increase in real estate, sports or entertainment, Ning Jizhe, vice-minister of the National Development and Reform Commission, said at a news conference hosted at the press center of the 19th CPC National Congress on Saturday.

Minister of Commerce Zhong Shan said irrational ODI has been curbed with strengthened risk management in such deals.