China's direct outbound investments have grown 53.3% over 8 months

Almaty. September 15. Silkroadnews – China's direct outbound investments amounted to 775.12 billion yuan ($118.14 billion) in the first 8 months of this year, which is a 53.3% growth year-on-year, «Xinhua» agency reported.

According to the Department of Foreign Investments and Economic Cooperation under the Ministry of Commerce of China, in general the Chinese investors have invested in the non-financial sector of about 160 countries and regions. The funds have been invested into nearly 6 thousand foreign enterprises.

Data by China's Ministry of Commerce show, in January-August of this year the Chinese companies signed the overseas construction contracts to the amount of 871.68 billion yuan. The contracts’ value turned to be 6.2% higher compared to the same period of 2015. About 978 thousand of Chinese citizens were registered working outside the country by the end of August 2016.

During this period $87.66 billion or 74.2% of the total volume of direct Chinese investments were invested in Xianggang, countries of ASEAN and EU, Australia, US, Russia and Japan.

With this the investments in the US increased by 193.2%, which became possible due to a $5.58 billion merger and acquisition deal between the Chinese home appliance company Haier and the US company General Electric.

In the first eight months of this year $21.11 billion outbound Chinese investments has been made into the processing industry (209.3% growth).