Sep 16, 2019 (China Knowledge) - China’s outward foreign direct investment (OFDI) in 2018 reached USD 143.04 bln, down 9.6% YoY, slightly lower than Japan’s (USD 143.16 bln), becoming the second-largest foreign investor amid a slowdown as the global outflows of OFDI slumped 29%.
China’s share of foreign direct investment reached USD 1.98 trln, ranking third in the global foreign direct investment in sub-countries and regions, second to the US and Netherlands, according to a report released by the Ministry of Commerce.
At the same time, the global ranking of foreign investment is also changing. According to the World Investment Report 2019, the large-scale return of funds from US multinational companies resulted in a negative net outflow of US foreign investment last year. Therefore, the US was not included in the list of the world’s 20 largest foreign investment economies.
What’s more, the foreign investment of European multinational companies increased by 11%, and France became the third-largest source of investment, with foreign investment exceeding USD 100 bln in 2018.
This year, China’s foreign investment cooperation has made steady progress. From Jan to Jul, domestic investors in China made non-financial direct investments in 4,088 overseas enterprises in 153 countries and regions, with a cumulative investment of RMB 432.92 bln, up 3.3% YoY.
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