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China’s ODI maintains double digit growth in Q1-Q3

Updated: Oct 16,2015 10:26 AM

The Chinese Ministry of Commerce has revealed that the country’s outbound direct investment — or ODI — maintained double digit growth in the first three quarters of 2015.

China’s non-financial ODI surged 16.5 percent year-on-year to $87.3 billion. Foreign contracted projects rose to $137.6 billion, up 26.5 percent from last year. Accomplished turnover climbed 9.2 percent to $100.8 billion.

Zhou Liujun, head of the Department of Outbound Investment and Economic Cooperation at the Ministry of Commerce, attributed the ODI growth to the rise in overseas mergers and acquisitions by Chinese enterprises, active investments by non-state-owned companies and local businesses, and more contracted projects in high value-added fields.