Top News

China's 2006-2010 ODI totaled $216.6b: MOC

Updated: 2010-12-25 09:33


Twitter Facebook Myspace Yahoo! Linkedin Mixx

BEIJING - China's outbound overseas direct investment (ODI) to non-financial sectors totaled $216.6 billion in the 2006-2010 period, exceeding the government's target 3.6 times, the Minister of Commerce (MOC) Chen Deming said Friday.

The annual growth rate was 38.8 percent during the period, taking China to fifth place in global ranking from 18th place at the end of China's 10th Five-Year Plan (2001-2005) period, Chen said while addressing a national business work conference.

Enterprises in the eastern provinces of Guangdong, Jiangsu, Zhejiang and Shandong were more aware of gaining technology, branding and marketing networks through merger and acquisition in the 2006-2010 period, Chen said.

Related readings:
China's 2006-2010 ODI totaled $216.6b: MOC China's ODI reaches $47b for Jan-Nov
China's 2006-2010 ODI totaled $216.6b: MOC ICC to probe latest ODI at Oval
China's 2006-2010 ODI totaled $216.6b: MOC China strengthens regulation on foreign property investment
China's 2006-2010 ODI totaled $216.6b: MOC Overseas direct investment to grow

Chen said in 2011 the ministry will introduce more measures, including by working with relevant departments to promote the construction of overseas business cooperation zones, to enlarge the scale of cooperation.

MOC figures show that ODI into non-financial sectors rose 10 percent year-on-year to $47.56 billion in the first 11 months of the year.

Of the total, ODI for acquisitions accounted for $17.5 billion, or 36.8 percent.


Ear We Go

China and the world set to embrace the merciful, peaceful year of rabbit

Preview of the coming issue
Carrefour finds the going tough in China
Maid to Order

European Edition


Mysteries written in blood

Historical records and Caucasian features of locals suggest link with Roman Empire.

Winning Charm

Coastal Yantai banks on little things that matter to grow

New rules to hit property market

The State Council launched a new round of measures to rein in property prices.

Top 10 of 2010
China Daily in Europe
The Confucius connection