China's outbound investment surges 53.3% in first 8 months

Chinese 100 yuan banknotes are seen in a counting machine while a clerk counts them at a bank in Beijing, China, March 30, 2016. [Photo/Agencies]

BEIJING - Chinese companies continued to invest big in the overseas market during the first eight months of the year, the Ministry of Commerce said Wednesday.

The data showed that China's non-financial outbound direct investment surged 53.3 percent from a year ago to $118.06 billion  in the January-August period.