China's overseas investment surges in January
Updated: 2012-02-17 10:27
(Xinhua)
|
|||||||||
BEIJING - China's overseas direct investment (ODI) in non-financial sectors reached $4.4 billion?in January, up 59.9 percent year-on-year, the Ministry of Commerce (MOC) announced Thursday.
The amount of investment calculated involved 355 overseas companies based in 87 countries and regions, said MOC spokesman Shen Danyang.
Business volume in overseas-contracted projects in January hit $5.87 billion, up 38.4 percent year-on-year. Meanwhile, the value of new contracts signed fell 10.2 percent to $9.33 billion, Shen said at a press conference held in Beijing.
As of the end of January, 811,000 Chinese were working in these investment projects abroad. The number was down 30,000 from the same period last year.
Related Stories
Ministry predicts new surge in ODI 2012-01-05 08:03
China's Jan-Nov ODI reaches $50b 2011-12-16 09:16
ODI makes dramatic rebound amid optimism 2011-09-21 07:52
Crisis creating ODI opportunities 2011-09-07 09:06
- US firms prepare to expand business in China
- Exports face difficult outlook in Q1
- Delegations sign record-setting soybean deals
- FDI drops over EU debt crisis
- Foreign real estate firms exiting capital
- China goes for the gold
- China trims US Treasury holdings for third month
- Dumping case harms ceramic makers
