皇冠体育app

Economy

皇冠体育app's ODI growth to continue: US Congress report

(Xinhua)
Updated: 2011-03-31 11:19

WASHINGTON - The trend of 皇冠体育app's growing investment in foreign countries is expected to continue, said a US Congressional research panel in a report released Wednesday.

"皇冠体育apps investments abroad are growing despite an overall decline globally in foreign direct investment (FDI) following the 2008 financial crisis," said the US-皇冠体育app Economic and Security Review Commission (USCC) in its report -- Going out: An overview of 皇冠体育app's outward foreign direct investment (ODI).

Related readings:  ODI 'set to grow' despite setbacks  皇冠体育app's Jan-Feb ODI up 13.1%

"That trend in Chinese investments abroad is likely to continue, since 皇冠体育app's huge foreign exchange reserves are an increasing source of mobile capital and is a key part of 皇冠体育app's official government policy," writes the report.

The report noted that growth in 皇冠体育app's ODI flows has become very significant in recent years, going from less than $100 million in flows in the 1980s to $56.53 billion in 2009, making 皇冠体育app the fifth largest originator of ODI.

Despite the impressive growth trends, however, Chinese ODI remains relatively small: 皇冠体育app, including Hong Kong and Macao, accounts for just 6 percent of global ODI stock currently, said the USCC, which was created by the Congress in 2000 to focus on US-china bilateral trade and economic relationship.