China's ODI remains stable in Jan-Nov

China's non-financial outbound direct investment (ODI) in the first 11 months of the year remained flat with last year, data from the Ministry of Commerce showed.

[File photo: VCG]

Domestic investors made 104.48 billion U.S. dollars of non-financial ODI in 5,213 overseas enterprises in 157 countries and regions from January to November, the ministry said in a statement.

ODI in countries along the Belt and Road rose 4.8 percent year on year to 12.96 billion dollars during the period.

The structure of outbound investment continued to improve, with investment mainly going into leasing and business services, manufacturing, mining, and retail and wholesale sectors.

No new projects were reported in sectors such as property development, sports and entertainment, the statement said.

By the end of November, China had set up 113 overseas economic and trade cooperation zones in 46 countries with a total investment of 42.14 billion dollars, attracting more than 4,700 companies.

Companies in the cooperation zones created over 300,000 jobs and tax revenue of 3.24 billion dollars for the host countries, the ministry said.