Irrational buying controls see ODI increase by 24.1% in Q1

China's non-financial outbound direct investment surged 24.1 percent year-on-year in the first quarter this year, as stringent controls have reined in domestic companies' irrational buying spree, the Ministry of Commerce said.

Chinese investors made $25.5 billion of non-financial ODI in 2,023 foreign enterprises across 140 economies from January to March, according to a recent online statement released by the ministry.

"The structure of ODI has been optimized, as stringent controls have effectively reined in irrational outbound investment," the ministry said.