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October 16, 2013

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Outbound investment to accelerate

China will accelerate outbound foreign investment, especially in agriculture, technology, and consumer goods sectors, Ernst & Young said in a report yesterday.

“Chinese investments in agriculture, technology and consumer products sectors are likely to see an unprecedented surge in the next few years,” said Loletta Chow, leader of EY Global Overseas Investment Network.

China’s outbound foreign direct investment in agriculture and technology sectors accounted for 15 percent of the total value in the first half of 2013, up from 4 percent in the same period in 2009, the accounting firm said.

With US$301.1 billion, energy and metals remain the largest investment, accounting for 70 percent of the total value of China’s outbound FDI from 2005 to the first half of 2013.

So far, North America, Europe and Asia are the top destinations for China’s outbound investments, according to the report.

In the first eight months of this year, China’s outbound FDI jumped 18.5 percent year on year to US$56.5 billion from the same period last year, the Ministry of Commerce said.

 




 

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