Saturday, October 25, 2014   

China's non-financial ODI down in Jan-April
(05-16 13:53)

Chinese companies invested 12.9 percent less overseas than a year ago during the first four months of this year, according to the Ministry of Commerce (MOC) on Friday.
China's outbound direct investment (ODI) in non-financial sectors slumped 12.9 percent year on year to US$25.7 billion in the January-April period, narrowing from the 16.5 percent decline in the first quarter, MOC spokesman Shen Danyang said at a press conference.
The US$25.7 billion ODI went to 2,352 overseas enterprises in 139 countries and regions. Hong Kong, the Association of Southeast Asian Nations, the EU, Australia, the U.S., Russia and Japan received about two-thirds of the ODI, or US$17.1 billion.
In the period, China's investment in the United States soared 173.3 percent to US$1.7 billion, while ODI growth in Russia and Japan jumped 238.5 percent and 204.3 percent from a year ago, mainly due to the small amount of investment last year.
As of the end of April, China had an accumulated outbound investment of US$551.4 billion in non-financial sectors. --Xinhua   
Other Business breaking news:
China and 20 other countries sign up to regional bank (10-24 18:00)
Britain says EU is asking for bigger contribution (10-24 17:49)
British economy grows slower in Q3 (10-24 17:00)
Firm in China's first bond default to be restructured (10-24 16:59)
Hang Seng closes lower (10-24 16:22)
Pearson reports sliding sales (10-24 16:22)
European stocks fall at open (10-24 16:05)
BASF says won't meet 2015 targets (10-24 16:04)
ECB to unveil results of eurozone bank health check (10-24 16:04)
German consumer confidence stops falling: survey (10-24 15:59)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts

 


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.