China overseas investment surges in first five months of 2015

(MENAFN- Saudi Press Agency) China invested more than 278.4 billion yuan (45.4 billion US dollars) in overseas markets in the first five months of
2015, China's Ministry of Commerce said Thursday, dpa reported.

China's outbound direct investment (ODI) surged 47.4 per cent during
the period and covered 3,426 overseas-based companies across 146
countries and regions, the ministry said.

Meanwhile the latest data showed foreign direct investment (FDI) into
China increased at a slower rate of 11.1 per cent year on year in the
first four months of 2015, settling at 273.61 billion yuan.

Both ODI and FDI exclude the financial sectors.