China Jan-Oct Outbound Direct Investment Down 40.9% on Year

FeaturesDow Jones Newswires

China's outbound direct investment in the first ten months of the year fell 40.9% compared with the same period a year ago to $86.31 billion, after Beijing moved to restrict "irrational investment," said the Ministry of Commerce on Thursday.

In January-September period, China's ODI dropped 41.9%, according to official data.

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China's State Council moved earlier this year to restrict overseas investment in real estate, hotels, entertainment and sport clubs, as part of its efforts to ease the country's outflows.

-- Grace Zhu

(END) Dow Jones Newswires

November 15, 2017 23:18 ET (04:18 GMT)