China's accumulated odi ranks second worldwide

CNC
Added On October 8, 2018

China's accumulated outbound direct investment (ODI) reached over 1.8 trillion U.S. dollars by the end of 2017, making it the second biggest source of "ODI" in the world.
 
According to a report published by the country's Ministry of Commerce, National Bureau of Statistics and State Administration of Foreign Exchange, China has invested in 189 countries and regions globally, with accumulated ODI accounting for 5.9 percent of the world's total.
 
In 2017 alone, China's ODI reached nearly 158.3 billion dollars, ranking the third in the world, following the United States and Japan.
 
However, investment volume declined for the first time since 2003, falling 19.3 percent year on year.
 
Chinese investment in both Europe and Africa jumped over 70-percent last year, with European markets receiving a record 18.5 billion U.S. dollars in funds.
 
Chinese investment in countries along the Belt and Road accounted for over 12 percent of total ODI during the same period, up 31.5 percent year on year.
 
China's Ministry of Commerce says Chinese companies will continue to invest overseas, in order to achieve mutual development and boost global economic growth.