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People's Daily Online>>China Business

Outbound investment rises

(China Daily)

10:06, April 18, 2012

Chinese outbound direct investment in the non-financial sectors almost doubled in the first quarter from a year earlier as Chinese companies were encouraged to invest abroad and opportunities arose from European debt troubles and the global financial crisis.

The fast pace of growth will continue in the coming months of the year, although it may not be as quick as what was seen in the first quarter, said Shen Danyang, spokesman for the Ministry of Commerce.

Shen said many developed and developing nations are searching the world for capital that can be used to spur their economies and, as a result, are welcoming investment from China.

At the same time, policy restrictions introduced by the Chinese government in 2011 will make State-owned enterprises more cautious about investing abroad this year, Shen said.

China's outbound investment in non-financial sectors increased by 94.5 percent in the first quarter from a year earlier, rising to $16.55 billion, the ministry said on Tuesday at a media briefing, without disclosing figures for particular regions.

Of all Chinese outbound direct investment in the first quarter of 2012, about 40 percent, worth about $6.2 billion, went into mergers and acquisitions.

"China's outbound direct investment may continue to increase rapidly this year," Shen said. "But we probably cannot expect to see growth that is as high as 100 percent, as we saw in the first quarter, be sustained."

China makes the fifth largest amount of outbound direct investment of any country in the world. By the end of March, its accumulated outbound direct investments in non-financial sectors had totaled $338.5 billion. Last year saw such investments increase by 1.8 percent year-on-year to reach $60 billion.

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