China's overseas investment declined by 15% in January

in money •  2 months ago

In January, China’s non-financial companies reduced direct investment abroad by 15% from a year earlier to $9 billion 190 million, the country's Ministry of Commerce reported. The tightening of checks on the security of foreign investment in a number of countries has led to the decline in the rate. The January figure was also influenced by a sharp jump in investment in sectors such as mining. Excluding this sector, the volume of investments in January was at the level of 22.6%. In the late summer of 2017, new rules prohibiting investment in areas that could jeopardize security began to take effect in China. In addition, the restrictions affected deals in the sex and gambling industries. Russian version

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