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China March outbound direct investment slumps 30.1 pct as capital curbs bite

Reuters  |  BEIJING 

BEIJING (Reuters) - China's non-financial outbound direct investment (ODI) slumped 30.1 percent in March from a year earlier as authorities kept a tight grip on capital outflows to help support the yuan currency and safeguard the country's foreign exchange reserves.Non-financial ODI totalled $7.11 billion last month, Commerce Ministry data showed on Tuesday.For the first three months of this year, non-financial ODI tumbled 48.8 percent to $20.54 billion from the same period last year.Outbound investment in countries involved China's "One Belt one Road" infrastructure initiative was $2.95 ...

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First Published: Tue, April 18 2017. 11:24 IST