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China's outbound investment jumps, catching up with FDI

Analysts expect outbound investment will soon match and overtake the weakening investment inflows

Reuters  |  Beijing 

China's outbound direct investment soared in the first five months to 278.4 billion yuan ($44.84 billion), official data showed, closing a gap with foreign direct investment inflows as local firms flock overseas for growth opportunities. The 47.4% jump in outbound investment, made by non-financial firms, built on the 36.1% rise in the first four months. In the first five months of the year, FDI grew 10.5% from a year earlier to 331.0 billion yuan, marking a slight slowdown from 11.1% growth in January-April, the Commerce Ministry said on Thursday. The government has been ...

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First Published: Thu, June 18 2015. 15:27 IST