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6 Sep, 2011

China’s ODI up 21.7%, 5th worldwide — chinadaily.com.cn

XIAMEN – China’s outbound direct investment (ODI) surged 21.7 percent year-on-year to $68.81 billion in 2010, growing for the ninth straight year and recording an average annual growth rate of 49.9 percent, according to a government report issued Tuesday.

Non-financial ODI climbed 25.9 percent to $60.18 billion last year, while the country’s overseas investment in financial sectors rose to $8.63 billion, according to a report jointly released by the Ministry of Commerce (MOC), the National Bureau of Statistics and the State Administration of Foreign Exchange.

By the end of 2010, Chinese enterprises established 16,000 overseas companies in 178 countries, covering all economic sectors and focusing on six industries, including business service, banking, retail and wholesale, mining, manufacturing, and transport, the report said.

via China’s ODI up 21.7%, 5th worldwide|Economy|chinadaily.com.cn.