China’s 25% Gain in Outbound Investment Outpaces Foreign Inflows
China’s investment abroad rose 25 percent in the first 11 months, highlighting the nation’s search for opportunities abroad amid slower growth at home.
Outbound non-financial investment was $62.5 billion, the Ministry of Commerce said on its website today. For the first 10 months, the gain was 25.8 percent from a year earlier.
Today’s figures contrast with a 3.5 percent decline in inbound investment in the January-October period after an economic slowdown damped foreign interest. China will step up efforts to stabilize investment inflows next year and expand outflows, state media reported yesterday after an economic planning meeting in Beijing.
Inbound foreign investment totaled $91.7 billion in the first 10 months of 2012.
--Scott Lanman, Liu Li. Editors: Scott Lanman, Paul Panckhurst
To contact Bloomberg News staff for this story: Scott Lanman in Beijing at firstname.lastname@example.org
To contact the editor responsible for this story: Paul Panckhurst at email@example.com