Chinese investors parked US$57.18 bn overseas in 2018
Investment mainly flowed to leasing and business services, manufacturing and mining, as well as wholesale and retail
In the first half of 2018, Chinese investors sank US$57.18 billion in non-financial direct investment into 3,617 foreign enterprises in 151 countries and regions, an increase of 18.7% from a year earlier, according to the Ministry of Commerce, Sina Finance reported.
In particular, investment in countries along the Belt & Road Initiative has steadily advanced. Over the first six months, Chinese investors infused US$7.4 billion in new investment in 55 Belt & Road countries, a 12% rise from a year earlier.
Meanwhile, the structure of foreign investment continued to be optimized. Foreign investment mainly flowed to leasing and business services, manufacturing and mining, as well as wholesale and retail sectors, accounting for 32.6%, 15.8%, 11.5%, and 9.5% of the total investment, respectively.
However, there was no new investment in overseas real estate, sports or entertainment industries, which were previously criticized by the authority as “irrational” investments.