BEIJING: China’s non-financial outbound direct investment in 2017 fell 29.4% year-on-year to US$120.08bil, the commerce ministry said, as firms backed off from speculative overseas investment amid a government crackdown.
Outbound direct investment (ODI) in December alone rose 49% year-on-year to US$12.53bil, according to Reuters calculation on official data, extending gains from a 34.9% annual growth in November.
Already a subscriber? Log in
The Star Festive Promo: Get 35% OFF Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
