China Investment Hits 136.04 billion yuan

China’s non-financial outbound direct investment (ODI) has seen a significant surge in the first two months of 2023, according to the latest data released by the Ministry of Commerce on Monday.

The ODI rose by 35.7% year-on-year to reach 136.04 billion yuan.

When measured in U.S. dollars, the ODI amounted to $19.96 billion, indicating a YoY increase of 26.5%. This data suggests that China’s overseas investment continues to grow at a healthy pace, despite the ongoing challenges posed by the COVID-19 pandemic and global economic uncertainties.

China has been making efforts to promote the “going-out” strategy in recent years, encouraging domestic companies to invest overseas and expand their international presence. The latest figures indicate that these efforts are bearing fruit, as Chinese businesses seek new markets and opportunities abroad.