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China's non-financial ODI up 72.8% in Jan-Apr

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.

The MOC expected that the county's ODI would grow 17% annually from 2011 to 2015 and reach US$150 billion in 2015.

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