China’s outbound non-financial foreign direct investment (FDI) reached 492.76 billion yuan in the first eight months of the year, rising by 7.2% from the same period last year, according to China’s Ministry of Commerce.
In US dollar terms, the outbound FDI reached about $75.11 billion, rising by 5.8% from a year earlier, showed the data.
In breakdown, investment in leasing and commercial service industries reached $25.13 billion, rising 25.1% on year; investment in wholesale and retail industries reached $12.91 billion, rising 13% from a year earlier; investment in the manufacturing, construction, scientific research and technological services industries also increase, said the ministry.
China’s FDI to “Belt Road” countries reached $13.95 billion during the period, rising by 8.2% from a year earlier and that accounted for 18.6% of its total amount, rising by 0.5 percentage points from a year ago, showed the data.
China’s inbound foreign direct investment (FDI), in actual use, reached $138.4 billion in the first eight months of the year, rising 20.2% from a year earlier, and in particular, investment from the European Union surged by 123.7% from a year earlier, said the ministry.