CHINAEUROPE AFRICAASIA 中文双语Français
Business\Economy

Chinese investors pull back on overseas spending in January

By Zhong Nan and Zheng Yiran | chinadaily.com.cn | Updated: 2017-02-16 14:14
Chinese investors pull back on overseas spending in January

A Hilton Worldwide Holdings Inc Grand Vacations Club hotel stands in Las Vegas, Nevada, US, Feb 24, 2016. [Photo/VCG]

China's outbound direct investment dropped 35.7 percent on a year-on-year basis to $7.73 billion in January, the Ministry of Commerce has announced.

Foreign direct investment into the country fell 9.2 percent in January to $12 billion, compared to the year before.

Ministry spokesman Sun Jiwen attributed ODI drop mainly to the fact that China was coming off a high level reached in 2016 and an early Spring Festival last month.

Chinese investment in global manufacturing and information technology businesses grew 79.4 percent and 33.1 percent year-on-year respectively in January.

During the same period, the country's ODI in real estate development and cultural and entertainment sectors in overseas markets fell 84.3 percent and 93.3 percent year-on-year respectively.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US