Investment of Chinese companies abroad drops by 40.9% until October

The non-financial investment of Chinese companies abroad was of 86,300 million dollars (73,270 million euros) until October, 40.9% less than in the same period of the year Previous, announced the Chinese Ministry of Commerce.

Beijing, Nov 16 (EFE) .- The non-financial investment of Chinese companies abroad was of 86,300 million dollars (73,270 million euros) up to October, 40.9% less than in the The same period of the previous year, the Chinese Ministry of Commerce announced today.

This addressed a total of 5,410 companies from 160 different countries, mainly from the commercial sector, rental of equipment, manufacturing, wholesale, consumption and information technologies.

No operation in the real estate sector or sports was registered in this period or entertainment.

"Irrational investment abroad has slowed down more effectively," the Chinese government said in a statement, noting that the country has improved its industrial structure.

Although the direct investment of Chinese companies abroad (ODI) has grown rapidly in recent years, the authorities Asian countries have established stricter rules to avoid a trend they consider "irrational".