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China sees uptick in ODI to US and Europe

By Wei Tian and Bao Chang (China Daily)

08:42, December 24, 2012

China is reporting an overall increase in its outbound direct investment to the United States and most of Europe this year, but experts warned that the environment is still tough, and Chinese investors face challenges ahead.

Investment from Chinese companies to the United States was $1.1 billion in the first 11 months of this year, up 13 percent year-on-year, said Chen Runyun, commercial counselor at the department of outward investment and economic cooperation at the Ministry of Commerce.

The overall growth of China's ODI globally was 25 percent.

China's non-financial ODI amounted to $62.5 billion from January to November, according to the ministry.

Meanwhile, China's outbound investment to Europe fell 20.5 percent compared with the same period last year, mainly because of the absence of a major investment in Luxemburg, which contributed to half of China's investment volume in Europe in 2011.

But investments were still on the rise in other major European countries.

For example, Chinese investment saw growth of 110 percent in Germany, 72 percent in the United Kingdom, and 46 percent in the Netherlands.

Apart from Luxemburg, China's investment in European countries this year had picked up by 24 percent by November.

"Global demand remains huge for Chinese investors," Chen said, citing the $55 trillion investment demand in 2030 that is predicted by the Organization for Economic Cooperation and Development.

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