Chinese Foreign Investment Exceeds $15 Billion in January-February, Commercial Services Investment up 43.2% YoY
China saw a slight YoY rise in outbound foreign investment levels in the first two months of 2020.
Data from the Ministry of Commerce (MOFCOM) indicates that during the period from January to February Chinese domestic investors made a total of 107.86 billion yuan (approx. USD$15.21 billion) in non-financial direct investment in 1733 overseas enterprises situated in 147 countries and regions.
The total investment sum marks a 1.8% increase compared to the same period in 2019, with new investment in Belt and Road nations also seeing a YoY rise of 18.3% to reach $2.72 billion.
According to MOFCOM China’s outbound foreign investment is showing increasing structural diversification, with the share of each sector in the total for January-February as follows:
- Leasing and commercial services: 40.8%,
- Wholesale and retail: 15.1%,
- Manufacturing: 11.3%,
- Mining: 8.9%.
Investment in leasing and commercial services was $6.33 billion, for a YoY leap of 43.2%.