Chinese ODI rise to shrug off trade dispute

China's non-financial outbound direct investment or ODI will rise in the second half of this year on strong global economic growth, said an expert on Wednesday.

Zhao Ping, director of the international trade research department under the aegis of the Academy of China Council for the Promotion of International Trade, said China-US trade tensions may hinder the rise of ODI to some degree but not much.

In the first seven months of the year, China's non-financial ODI surged by 14.1 percent year-on-year to $65.27 billion. Non-financial ODI refers to investment made by Chinese mainland entities in non-financial enterprises outside the mainland. The growth rate was higher than the International Monetary Fund's forecast for the world's ODI growth, which was 10 percent. Last year, China's ODI flow stood at $124.63 billion, the world's third-highest.