China ODI Tops $161b, FDI Stable
World Economy

China ODI Tops $161b, FDI Stable

China’s non-financial outbound direct investment (ODI) is likely to hit 1.12 trillion yuan ($161 billion) in 2016 and foreign direct investment into China will total 785 billion yuan, Commerce Minister Gao Hucheng said on Monday.
The government will “promote the healthy and orderly development of outbound investment and cooperation” in 2017, Gao said in remarks at a conference that were published on the ministry’s website, Reuters reported.
China’s ODI in November jumped 76.5% from a year earlier and it rose 55.3% in the first 11 months of 2016, the ministry’s data showed, as local firms continued to invest abroad amid a slowing economy and weakening yuan.
Separately, the ministry said on its microblog that China will sharply reduce restrictions on foreign investment access in 2017, opening up sectors where foreign companies have strong investment interest and risks are under control. No details were given on what restrictions will be changed.
Earlier this month, China published draft foreign investment guidelines which it said would “increase openness to the outside world”.
Based on Gao’s forecasts, non-financial ODI is set to surpass foreign direct investment into China by an unprecedented 335 billion yuan this year, amid worries about capital outflows.
For all of 2015, the ministry reported non-financial ODI of 735.1 billion yuan, and FDI of 781.4 billion yuan.
Gao said that in 2017, difficulties faced in maintaining a stable flow of foreign investment into China will increase, while sources of volatility for China’s outbound investment will rise along with risks, according to an interview with state media published Monday.
China will further enhance the competitiveness of its foreign trade and consolidate recent good momentum, Gao added.


Short URL : https://goo.gl/hJRqDF
  1. https://goo.gl/nsBpjO
  • https://goo.gl/7T1Uoa
  • https://goo.gl/BC5GGQ
  • https://goo.gl/kGWMiT
  • https://goo.gl/mpvLj8

You can also read ...

Romania Economy and Formula 1
According to National Bank of Romania advisor Lucian Croitoru...
Gazans on Edge of Economic Collapse
Across the 140-square-mile territory, Gazans are struggling to...
Most vulnerable countries include Turkey (high current-account deficit) and nations such as Saudi Arabia that are pegged to the dollar.
Two months ago, when the US benchmark 10-year treasury yield...
Philippines, New Zealand and Singapore have achieved greater gender equality in the workplace.
Hiring more women could supercharge Asia’s economies. A report...
French PMI Weakens
French industrial morale weakened slightly in April compared...
Global Cybercrime Generating $1.5t in Illicit Profits
New criminality platforms and a booming cybercrime economy...
The government is working on the culture of workaholism and is considering legislation that would cap the total amount  of overtime a worker could do at 100 hours a month.
All is not well in the Land of the Rising Sun. Japan, a...
EC Investigates Apple-Shazam Deal
Apple’s $400 million acquisition of music identification...

Add new comment

Read our comment policy before posting your viewpoints