Outbound deal pipeline still robust, says EY report

The Belt and Road Initiative has provided ample investment opportunities for outbound Chinese companies, despite stringent cross-border investment regulations crimping opportunities in several nations, according to professional services firm EY.

According to EY's latest semiannual "China Go Abroad" report released on Tuesday, China's outbound direct investment value contracted 8 percent year-on-year to $57.4 billion during the first half of this year.

But experts at EY pointed to the fact that the companies' outbound investment structure is optimizing. Despite the adverse global investment conditions, China's outbound direct investment value in the manufacturing industry increased 7.3 percent year-on-year and that in the information transmission, software and IT services sector surged 31.7 percent from a year earlier.