Nov. 21, 2012 (China Knowledge) - China's overseas direct investment (ODI) in the non-financial sectors surged 25.8% YoY to US$58.17 billion in the first ten months of this year, according to the latest statistics released by the Ministry of Commerce
During the period from January to October, China saw its investment in Hong Kong, ASEAN, the U.S., Russia, and Japan grow 42.6%, 31.2%, 16%, 31.9% and 15.2% YoY.
Meanwhile, its investment in the E.U. and Australia decreased 20.9% and 28.7% YoY during the ten-month period.
In the first ten months of this year, China's new contract value grow 6.1% from a year earlier to US$110.95 billion, and by the end of last month, the country's new contract value hit US$952.6 billion in total.