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(U1) Fades Off 2021 Highs

     BEIJING (MNI) - China's outbound direct investment (ODI) in non-financial
sector slumped 29.4% y/y to $120.08 billion, data by Ministry of Commerce on
Tuesday showed.
- "Unreasonable" outbound investment was effectively curbed under China's strict
controls to prevent risks that could endanger its domestic economy: ministry
- Chinese companies made 341 acquisitions in 49 countries, totaling $96.2
billion
- FDI growth accelerated to 7.9% Y/Y to CNY877.56 billion from 4.1% in 2016. In
December, the volume decreased 9.2% to CNY73.94 billion, much lower than the
90.7% y/y reported in November.
--MNI Beijing Bureau; +86 (10) 8532-5998; email: iris.ouyang@marketnews.com
--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com
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