China’s non-financial investment in 155 countries reaches USD 820 bln in Q3
Nov 01, 2018 (China Knowledge) - Against the background of uncertainties in global geopolitics this year, China's foreign direct investment in non-financial sectors has maintained steady development. The structure of overseas investment has continued to optimize, and investment in real estate, sports and entertainment industries has been effectively curbed.
EY, yesterday, released an overview of China's overseas investment in the first three quarters of 2018. According to the Ministry of Commerce, from January to September 2018, Chinese domestic investors made non-financial direct investment in 4597 overseas enterprises in 155 countries and regions, totaling USD 820.2 billion, up 5.1% YoY.
From the main flow of investment, these overseas investments mainly concentrated in the leasing and business services, manufacturing, mining, wholesale and retail industries, accounting for 32.8%, 16.7%, 9.7% and 9.2% respectively. The investment structure continued to optimize, and irrational investment was effectively curbed.
From the main areas of investment, Chinese enterprises' non-financial direct investment in "Belt and Road Initiative" related countries was of USD 10.78 billion, an increase of 12.3% YoY, much higher than the overall growth rate of China's foreign investment. The turnover of Chinese enterprises in foreign contracted projects in the countries along the line reached USD 58.49 billion, an increase of 18.4% YoY. The new investment in the construction of the overseas economic and trade cooperation zone was USD 4.13 billion, with a production value of USD 14.31 billion and a tax fee of USD 490 million paid to the host country.
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