China's ODI drops as review process tightens

The nation's outbound direct investment from non-financial sectors dropped 40.9 percent year-on-year to $86.31 billion between January and October, the Ministry of Commerce said on Thursday.

The drop in the country's ODI during this period narrowed 1 percentage point from the first three quarters of this year, indicating that China continued making investments in manufacturing and modern service-related business in global markets.

Investment in leasing and commercial services, manufacturing, and retail and information-related businesses accounted for 32.4 percent, 17 percent, 12.3 percent and 9.9 percent of the country's total ODI, respectively, during the nine-month period, said the ministry.