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China's ODI down 38.8% in May
China's non-financial outbound direct investment dropped 38.8 percent year-on-year to $8.22 billion in May, official data showed. In the first five months of this year, the country's non-financial ODI dropped 53 percent year-on-year to $34.59 billion, according to the Ministry of Commerce. Chinese companies invested in 3,121 overseas enterprises in 145 countries and regions from January to May, data showed. Commercial services, manufacturing and information transmission, and the software and information technology industries took the lead in investment value. Outbound investment in economies involved in the Belt and Road Initiative accounted for 14.4 percent of total ODI in the first five months, up 6.7 percentage points from the same period in 2016.
