Economic Watch: China's outbound investment under spotlight at Summer Davos
China's outbound investment has become a hot topic at the ongoing Summer Davos 2018 as foreign participants to the annual meeting are eager to know more about the preferences and principles of Chinese investors.
According to the latest projection of the World Economic Forum, outbound investment by Chinese state-backed enterprises and the private sector will reach 2.5 trillion U.S. dollars in the next 10 years.
China's official statistics show, however, Chinese investors made 65.27 billion U.S. dollars of non-financial outbound direct investment in nearly 4,000 overseas enterprises in 152 countries and regions from January to July. It marked a 14.1-percent increase from the same period a year ago.
In 2017, Chinese investors spent a total of 120 billion U.S. dollars on 6,236 businesses from 174 countries and regions, down 29.4 percent from a year earlier, amid government efforts to curb irrational investment overseas.