Jun. 27, 2012 (China Knowledge) - China's overseas direct investment (ODI) in the non-financial sectors surged 40.2% YoY to US$28.52 billion in the first five months of this year, according to the latest statistics released by the Ministry of Commerce.
The figure included US$22.52 billion in equity investments and other investments and US$6 billion of reinvested profits.
US$11.2 billion or 39.3% of the total overseas direct investment was completed through mergers and acquisitions.
As of the end of May, Chinese investors had invested a total of US$350.6 billion in foreign countries and nations in the world.
From January to May, the country's investment in Hong Kong
, the U.S., the E.U. and Russia grew 50.9%, 45.9%, 23.6% and 22.5% YoY, respectively.