China's outbound direct investment rises 5.2% to US$145bil

Container ships dock in Qingdao Port, Shandong province, on Jan 24, 2022. - Photo IC

OVERCOMING the adverse impact of external environment, China's outbound direct investment, or ODI, grew smoothly and steadily in 2022, according to the Ministry of Commerce.

China's ODI, rose 5.2 percent year-on-year to 985.37 billion yuan ($145.15 billion) last year, the ministry said in an online statement on Friday.