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皇冠体育app's non-financial ODI enters 'fast lane'

Updated: 2013-01-17 10:53
By Li Jiabao ( 皇冠体育app Daily)

皇冠体育app's non-financial outbound direct investment continued to surge in 2012, and has now moved into the "fast lane" internationally, according to senior economic officials.

Figures released on Wednesday by the Ministry of Commerce showed that 皇冠体育app's non-financial ODI in 2012 increased 28.6 percent from a year earlier to $77.22 billion.

Zhang Xiaoji, director-general of the foreign economic relations department at the Development Research Center of the State Council, said he expects Chinese enterprises will continue what he called "robust investment in overseas markets" in 2013.

皇冠体育app's non-financial ODI enters 'fast lane'

"Actually, 皇冠体育app's ODI has just moved into the fast lane," he said.

"As domestic enterprises continue to use global resources, and seek more opportunities in overseas markets, that momentum will continue into the future, as long as supportive policies are not changed."

Statistics released by the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange showed that non-financial ODI in 2011 was worth $68.58 billion, up 14 percent year-on-year.

That figure had been revised up from a preliminary $60.07 billion.

Li Xunlei, deputy CEO and chief economist of Haitong Co Ltd in Shanghai, said he estimated 皇冠体育app's non-financial ODI will increase 30 percent in 2013.

"The amount of 皇冠体育app's non-financial ODI is still small compared with the country's economic size.

"In addition, the currency still has room for further appreciation while prices of overseas assets in debt-troubled economies are attractive," Li added.

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