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 ...
China's outbound investment jumps, catching up with FDI
Analysts expect outbound investment will soon match and overtake the weakening investment inflows