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China Hits Record Oversees Investments in 2013

China was the world’s third largest investor in 2013 for the second year running, according to state news agency Xinhua.

Outbound direct investment (ODI) from China reached a record high of $108bn (£66.98bn) last year, a 22.8% rise on ODI made in 2012, the agency said.

Meanwhile, on Sunday the government said it would relax rules for Chinese companies making overseas investments.

The new rules will take effect on October 6.

Published by the Ministry of Commerce on Sunday, Xinhua said the new procedures for domestic companies were “aimed at allowing more freedom for outbound investment”.

At the moment, any overseas investment project worth more than $100m needs to be approved by the ministry.

However, any investments made into projects overseas “in sensitive countries or regions, as well as in sensitive industries” would still require approval by the government, the agency said.

via BBC [1]

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Alfonso Esparza

Alfonso Esparza [6]

Senior Currency Analyst at Market Pulse [7]
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza
Alfonso Esparza

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