China overseas investment almost doubles in September

For the first nine months, China's total overseas direct investment stood at US$74.96bil, up 21.6%, while foreign direct investment into China was at US$87.36bil, down 1.4%. Chinese investment into the EU soared 218% to US$9bil - AFP Photo.

BEIJING: China's overseas investment almost doubled year-on-year to US$9.79bil in September, the government said Thursday, again exceeding incoming funds even though they recovered from multi-year lows.

Foreign direct investment (FDI) – which excludes financial sectors – into China came in at US$9.01bil for the month, the commerce ministry said, up only 1.9% year-on-year but a significant improvement on August's US$7.20bil, which was the lowest since July 2010.