Official data out of China’s Ministry of Commerce showed a 58.7 percent year-over-year increase in the country’s non-financial outbound direct investment over the first half of the year.
The January-to-June period saw overseas investment rise to 580.28 billion yuan ($86.9 billion), said Ministry spokesman Shen Danyang in a press conference on Wednesday. This makes the country a net exporter of investments, as foreign investment in China only rose 5.1 percent over the first semester, to 441.76 billion yuan ($66.15 billion); Chinese companies invested about $20.74 billion more than they received from foreign firms.
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“The investment structure is improving,” Danyang assured, mentioning strength in the manufacturing sector, which saw about investments more than triple over the first semester to more than $17.6 billion.
Over June alone, Chinese outward direct investment (ODI) experienced a 44.9 percent year-over-year increase, hitting 100.17 billion yuan ($15 billion).
In the conference, Danyang also went over China’s service trade data. Driven by robust growth in computing, technology, financial, advertising and information services exports, service imports and exports reached 2.08 trillion yuan ($310 billion) during the first five months of 2016, up 22.7 percent year-over-year. The Ministry estimates that the services trade hit $2.5 trillion ($370 billion) in the first semester.
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