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China: ODI down 60 percent

Fri, 10/16/2009 - 14:38 by shalini.bahadur

Beijing, Oct. 16: China's outbound overseas direct investments totaled $13.3 billion in this year's first half, down 60 percent from a year earlier, the government said.

A report from the State Administration of Foreign Exchange said outbound investments by both the financial and non-financial sectors declined, Xinhua news agency said.

Non-financial ODIs were in Asia, Europe, the United States, Africa and Oceania while financial ODIs went to Hong Kong, Britain and the United States.

Foreign direct investments in China totaled $48 billion in the first six months of this year, down 40 percent from the same period of last year, the report said.

Copyright 2009 by United Press International.

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