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          China's outbound direct investment rises 5.2% to $145b

          By Zhong Nan | chinadaily.com.cn | Updated: 2023-02-10 10:59
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          Container ships dock in Qingdao Port, Shandong province, on Jan 24, 2022. [Photo/IC]

          Overcoming the adverse impact of external environment, China's outbound direct investment, or ODI, grew smoothly and steadily in 2022, according to the Ministry of Commerce.

          China's ODI, rose 5.2 percent year-on-year to 985.37 billion yuan ($145.15 billion) last year, the ministry said in an online statement on Friday.

          In US dollar terms, ODI grew 0.9 percent on a yearly basis to $146.5 billion in 2022.

          Among them, the country's non-financial ODI amounted to 785.94 billion yuan last year, surging 7.2 percent year-on-year.

          In the meantime, China's non-financial ODI into economies participating in the Belt and Road Initiative reached $20.97 billion, with an increase of 3.3 percent year-on-year, accounting for 17.9 percent of the country's total non-financial ODI in 2022.

          The ministry said China's ODI into wholesale and retail sectors soared 19.5 percent on a yearly basis to $21.1 billion last year, while investment into manufacturing business went up 17.4 percent year-on-year to $21.6 billion.

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