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China's ODI up 44.1 pct in 2016
   2017-01-16 20:52:29    Xinhua      Web Editor: Zhang Xu

A file photo shows a freight vessel that ships export Chinese-made metro train cars at the Dajian Port of Yingkou, northeast China's Liaoning Province. [Photo: Xinhua]

China's non-financial outbound direct investment (ODI) increased 44.1 percent year on year to 170.11 billion U.S. dollars in 2016, official data showed Monday.

Chinese companies invested in 7,961 overseas enterprises in 164 countries and regions in the past year, according to the Ministry of Commerce.

The Belt and Road initiative was a strong boost to cooperation between Chinese and foreign firms. Outbound investment to countries involved in the initiative totalled 14.53 billion U.S. dollars in 2016, said Han Yong, an official with the commerce ministry.

Chinese companies have especially paid attention to the real economy and emerging industries for outbound investment, said Han.

Up to 18.3 percent of the ODI went to manufacturing in 2016, up from 12.1 percent in 2015. Meanwhile, Chinese companies carried out 197 overseas mergers and acquisitions (M&A) in the manufacturing sector last year, accounting for 26.6 percent of the total.

In the same period, 12 percent of China's total ODI was invested in information transmission, software and information technology services, and 109 overseas M&A deals related to the sector were announced by Chinese firms.

Han said overseas M&A had facilitated China's economic restructuring and industrial upgrading.

In December alone, the country's ODI declined 39.4 percent from the same period of 2015 to 8.41 billion U.S. dollars, according to the ministry.@ Chinese regulators are also looking out for potential risks brought by "irrational tendencies" amid rapid outbound investment growth and are examining irregularities in such investments, an official with China's top economic planner said last week.

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