China's outbound direct investment crosses $104 bn this yr

China on Thursday said its outbound direct investment touched USD 104.13 billion in the last 11 months of this year, an increase of 16 percent year on year, as the country pressed ahead with overseas investments to reinvigorate the slowing economy. China made USD 8.92 billion outbound direct investment (ODI) in non-financial in November this year, up 12.6 percent year on year, the Ministry of Commerce (MOC) said. In the first 11 months of 2015, China made USD 104.13 billion-in non-financial ODI, up 16 percent year on year, MOC Spokesperson Shen Danyang said at a briefing here today.

Janauary to November, China's investments in the Association of Southeast Asian Nations and the United States rose by 109.9 percent and 55 percent compared with the same period last year, leading the increases. The turnover of foreign-contracted projects in the January-November period hit USD 130.12 billion-up 7.3 percent year on year. Meanwhile, new foreign-contracted projects were worth USD 163.03 billion up 1.3 percent year on year, state-run Xinhua news agency reported.