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China's April outbound direct investments dip 71%, despite OBOR push

Outbound investment in April totalled $5.82 billion, compared with $19.98 billion a year ago

Reuters  |  BEIJING 

China's April non-financial outbound direct investment (ODI) fell 71 percent from a year earlier as the government maintained a tight grip on funds leaving the country despite a high-profile outward push through the Belt and Road initiative. Outbound investment in April totalled $5.82 billion, compared with $19.98 billion a year ago, according to Reuters' calculations based on data from the Ministry of Commerce. In the first four months of the year, ODI fell 56 percent from a year earlier to $26.36 billion, accelerating from a 48.8 percent decline in the Jan-March period, ...

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First Published: Wed, May 17 2017. 17:06 IST
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