May. 16, 2012 (China Knowledge) - China's overseas direct investment (ODI) in the non-financial sectors surged 72.8% year on year to US$23.16 billion in the first four months of this year, according to the latest statistics released by the Ministry of Commerce (MOC)
US$8.8 billion or 37.7% of the total overseas direct investment was completed through mergers and acquisitions.
As of the end of April, Chinese investors had invested a total of US$345.1 billion overseas.
The ministry said that the turnover of foreign contracted projects rose 17% year on year to US$29.11 billion in the first four months. The country secured US$35.34 billion of engineering contracts overseas in the period, reflecting a decline of 19.1% year on year.
expected that the county's ODI would grow 17% annually from 2011 to 2015 and reach US$150 billion in 2015.