China ODI data shows growth

Beijing, Sep 17 (IANS) China has recalculated its outbound direct investment (ODI) as $123.12 billion in 2014, up 14.2 percent year on year in a leap even more impressive than previously estimated, the commerce ministry said on Thursday.

In January, the ministry announced that China’s ODI rose 14.1 percent year on year to $102.89 billion in 2014, eclipsing the 1.7-percent growth in foreign direct investment (FDI), Xinhua news agency reported.

FDI in China totalled $119.6 billion last year as against the $123.12-billion ODI, which means China became a net capital exporter for the first time.

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