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China's Jan.-Aug. outbound investments up 53%


09-15-2016 00:15 BJT

Full coverage: China's Economic Data

The Ministry of Commerce says China's non-financial outbound direct investment soared in the first eight months of 2016. 

China's ODI rose 53.3 percent from January through August to 118 billion US dollars.

Outbound investment for August alone rose 13.4 percent to 15.31 billion dollars. China's ODI in the United States nearly tripled in the first eight months.

That was mostly thanks to Haier Group's $5.9 billion dollar acquisition of General Electric's home appliance business.

Meanwhile, Chinese investments in the One Belt One Road Initiative nations jumped 28 percent year-on-year to 69.8 billion dollars in the first eight months of this year.

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