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China's non-financial ODI up 28.9% in Jan-Sep

Oct. 22, 2012 (China Knowledge) - China's overseas direct investment (ODI) in the non-financial sectors surged 28.9% YoY to US$52.52 billion in the first nine months of this year, according to the latest statistics released by the Ministry of Commerce.  

During the period from January to September, China saw its investment in Hong Kong, Russia, the ASEAN member countries, Japan and the U.S. grow 50.8%, 35%, 27.6%, 22.2% and 14.3% YoY.

Meanwhile, its investment in the E.U. and Australia decreased 30.3% and 40% YoY during the nine-month period.

In the first nine months of this year, China's new contract value edge up 0.3% from a year earlier to US$93.41 billion, and by the end of last month, the country's new contract value hit US$935.1 billion in total.

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