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People's Daily Online>>China Business

Ministry predicts new surge in ODI

By Ding Qingfen, Li Jiabao and Oswald Chen  (China Daily)

08:16, January 05, 2012

Expansion will match foreign direct investment, experts say

BEIJING / HONG KONG - Outbound direct investment (ODI) for 2011-15 is expected to register double-digit annual growth to reach $560 billion, matching the nation's foreign direct investment (FDI), a statement from the Ministry of Commerce said.

The government will accelerate promoting "overseas investment" during the 12th Five-Year Plan (2011-15) period, the statement, posted on the website of the ministry on Wednesday, said.

The scale of accumulative ODI from 2011 to 2015 will reach the level of the nation's FDI, according to the statement.

"The annual growth rate (from 2011 to 2015) for the nation's ODI on average will remain around 17 percent, and the accumulative volume in the five years is expected to reach $560 billion, equivalent to that of China's FDI during the same period," it said.

ODI growth has remained robust despite the global financial crisis.

ODI in the non-financial sector, in 2010, surged as high as 36.3 percent year-on-year to $59 billion, after it gained 14.2 percent in 2009. China overtook Japan and the United Kingdom that year to become the world's fifth-largest overseas investing nation.

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Leave your comment1 comments

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helen at 2012-01-05203.82.82.*
More ODI be directed at Asean, Africa, MiddleEast and some EU countries. It is a waste of time and effort to invest in the United States.Their US Congress and their Unions will do everything possible to prevent Chinese investment in the USA for fear of "national security reasons" and for fear too that Weimar US$ are recycled back to the US.Some Chinese companies should stop the practice of sending its management on "vacation cum business development" tours to the US. Time to reduce the number of Americophiles in Chinese cities. There is a World outside that does not include the United States!

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