国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / China Data

Manufacturing ODI rises in Jan

By Li Xiang (China Daily) Updated: 2016-02-18 07:38

Manufacturing ODI rises in Jan

China's outbound direct investment in overseas manufacturing sectors surged dramatically in January, highlighting the shift of Chinese capital into technology-intensive projects from traditional energy- and resource-focused ones, official data showed on Wednesday.

China's ODI in the manufacturing sector rose by 87.8 percent in January on a year-on-year basis to 10.6 billion yuan ($1.62 billion), according to the Ministry of Commerce.

A major chunk of the capital flowed into the telecommunications, electronic equipment, pharmaceutical and automobile manufacturing sectors, Shen Danyang, the ministry's spokesman, told a news conference in Beijing.

Meanwhile, investment in manufacturing equipment surged by 128.3 percent year-on-year, accounting for more than half of the total investment.

Marking a sound start to this year, total ODI rose 18.2 percent year-on-year in January to 78.76 billion yuan, according to the ministry.

The growth of China's outbound investment benefited from the country's Belt and Road Initiative designed to improve regional connectivity between Asia, Europe and Africa and favorable government policies to facilitate industrial cooperation between Chinese companies and international players, Shen said.

The fresh investment data also reinforced the structural change of China's outbound investment, said Xu Hongcai, director of the economic research department at the China Center for International Economic Exchanges.

"Slumping oil and commodities prices suppressed the investment desire of Chinese companies in energy sectors while the technological and human resource advantages in the manufacturing sectors of developed economies continue to attract Chinese investment," he said.

Direct investment in the United States by Chinese companies soared to 10.2 billion yuan in January, nearly four times the amount of investment in the same period of last year, according to official data.

Recent high profile M&A deals by Chinese companies in the US include Shandong-based household appliances multinational Haier Group's $5.4 billion purchase of General Electric Co's appliances business and private conglomerate Dalian Wanda Group's $3.5 billion acquisition of Hollywood filmmaker Legendary Entertainment.

"The potential of the US market as well as its branding and intellectual property assets are among the factors that help drive the growth of Chinese investment," said Lu Jinyong, director of international investment research center at the University of International Business and Economics in Beijing.

The desire of Chinese private companies to diversify assets in mature markets will continue to drive China's direct investment in the US, Lu added.

Local enterprises rather than central State-owned ones were the main contributor to outbound direct investment.

China has surpassed Canada to be the largest trading partner of the US, with bilateral goods trade reaching $598 billion last year.

Hot Topics

Editor's Picks
...
开封县| 芜湖市| 滦平县| 和田县| 三门峡市| 海林市| 库车县| 无棣县| 永和县| 梁河县| 丰城市| 久治县| 清流县| 鹤庆县| 乌审旗| 焦作市| 岗巴县| 长治县| 临邑县| 宜宾市| 山西省| 望江县| 海南省| 泽库县| 财经| 勃利县| 鹤山市| 大荔县| 涿鹿县| 南汇区| 商河县| 枣阳市| 柳江县| 沙坪坝区| 宁陕县| 西吉县| 屏边| 桃园市| 黑山县| 太仆寺旗| 射阳县|