China's overseas direct investment surges 53.3% in first ten months

Chinese outbound direct investment increased 53.3 percent YoY reaching $145.96 billion during January and October this year, despite of weak global economy. Chinese companies continue to expand globally and internationalize themselves. This amount was $121.4 billion in 2015. China's outbound investment poured to 162 countries and regions, including Hong Kong, ASEAN, Europe, Australia, the US, Russia and Japan. It started from raw materials, then infrastructure and manufacturing, and now towards trophy consumer brands and high-tech companies. Some examples are private Chinese giants buying US film studios and European fashion brands, and state-owned companies acquiring new tech firms, etc. Chinese companies continue to make investments in the Belt and Road countries with moderating volume recently. Read more here.