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China’s offshore investments see first decline since 2009

China’s offshore investments see first decline since 2009

Mubasher: China’s outbound direct investments (ODI) fell in 2017 for the first time in eight years as the government has tightened regulations on capital outflows and foreign transactions.

Non-financial overseas investment dropped 29% to $120 billion, the Chinese commerce ministry said on Tuesday.

Meanwhile, foreign direct investment (FDI) into China increased by 7.9% to $136 billion last year.

In December, FDI declined 9.2%, versus a significant growth of 90.7% during the previous month.

By 01:17 pm GMT, the USD/CNY pair rose 0.21% to 110.77.