Chinese investment abroad rises by 25%

China’s investment abroad rose 25 percent in the first 11 months, highlighting the nation’s search for opportunities abroad amid slower growth at home.

Outbound non-financial investment was $62.5 billion (R537bn), the Ministry of Commerce said yesterday. For the first 10 months, the gain was 25.8 percent year on year.

The figures contrast with a 3.5 percent decline in inbound investment in the January to October period after an economic slowdown damped foreign interest. China would step up efforts to stabilise investment inflows next year and expand outflows, state media reported on Sunday after an economic planning meeting.

Inbound foreign investment totalled $91.7bn in the first 10 months of 2012. – Bloomberg