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China’s overseas investment to grow 10 pct in 2015
Release time:2015-03-09
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China’s outbound direct investment (ODI) will remain robust in 2015, with growth forecast at 10 percent year-on-year, said the nation’s top economic planner.

The National Development and Reform Commission said in a report last week, cited by state-run news agency Xinhua, that ODI in non-financial industries is expected to hit US$113 billion this year.

“We will move faster to build a system for providing financial services to outward investment [and] expand the channel for using foreign exchange reserves,” the commission said, adding the country would also provide better services for Chinese enterprises investing overseas, including legal services and consulate support.

China’s ODI in non-financial sectors rose sharply by 40.6 percent to US$10.17 billion in January, after expanding by 14.1 percent to a record high of US$102.9 billion in 2014.