Statistics

China's outbound investment drops by 60% in H1

(Xinhua)
Updated: 2009-10-16 12:00

China's overseas direct investment (ODI) totalled $13.3 billion in the first half year, down 60 percent from a year earlier, said a report issued by the State Administration of Foreign Exchange Thursday.

Outbound investment from China's financial and non-financial sectors both fell in the first half of 2009, with ODI from the non-financial sector declining by 51 percent to $12.5 billion, and financial ODI dropping by 76 percent to $2 billion, according to the report.

It also said that the non-financial ODI went to, from the most to the least, Asia, Europe, America, Africa and Oceania while the financial ODI was mainly channeled into well-developed financial markets like Hong Kong, Britain and the US.

Manufacturing, housing, scientific research, technical services, geological prospecting and mining were the key areas that non-financial ODI was interested in, receiving 60 percent of the non-financial investment in the first half of this year.

China's foreign direct investment slipped by 40 percent year-on-year in the first half to $48 billion, said the report.