China's Direct Investment Abroad to Make Up $170Bln in 2017

Chinese direct investment in foreign countries is likely not to exceed the volume of the investment in 2016, making up $170 billion, China's Finance Ministry said in its draft plan for socio-economic development in 2017 on Sunday.

Soldiers of the People's Liberation Army (PLA) of China arrive on their armoured vehicles at Tiananmen Square during the military parade marking the 70th anniversary of the end of World War Two, in Beijing, China, September 3, 2015 - Sputnik International
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BEIJING (Sputnik) — In line with the plan, the volume of foreign direct investment (FDI) in China's economy is also expected to remain without changes in comparison to 2016 and make up $126 billion.

"In 2017, the overall volume of the Chinese direct investment into foreign non-financial assets is expected to remain on 2016 level ($170 billion)," the document said.

Last year, China's direct non-financial investment overseas surged by 44 percent compared to 2015, while FDI increased by 4.1 percent.

According to the data provided by the American Enterprise Institute, the main recipients of the Chinese investment in 2016 were such countries as Australia, Brazil, Canada, France, Germany, India, the United Kingdom and the United States.

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