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.
Source:
Mubasher