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China’s non-financial ODI down 4.9 pct in Q1

Abstract : China's non-financial outbound direct investment (ODI) went down 4.9 percent year on year in the first quarter (Q1) of the year, official data showed.

BEIJING, April 29 (Xinhua) — China’s non-financial outbound direct investment (ODI) went down 4.9 percent year on year in the first quarter (Q1) of the year, official data showed.

The ODI amounted to 160.81 billion yuan (about 24.8 billion U.S. dollars) in the period, according to the Ministry of Commerce.

China’s non-financial ODI into countries along the Belt and Road sustained a steady growth. During the period, investment into these countries expanded 5.2 percent year on year, accounting for 17.8 percent of the total ODI. The share was up by 0.5 percentage points from the same period last year.

Outbound investment into manufacturing and information transmission grew rapidly. Information transmission sector, for instance, attracted 1.62 billion dollars of funds in the first three months, up 20.9 percent compared with the same period last year. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s non-financial ODI down 4.9 pct in Q1

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