BEIJING: China’s outbound investment more than doubled in August to $12.62 billion, data showed on Tuesday, far outstripping foreign direct investment (FDI) into the country, which fell to a four-year low.
China has been actively acquiring foreign assets, particularly energy and resources, to power its economy, with firms encouraged to “go out” and make overseas acquisitions to gain market access and international experience. Officials have said overseas direct investment (ODI) could exceed FDI this year.
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