Caixin
Jan 18, 2018 04:38 PM
BUSINESS & TECH

Crackdown Casts Chill on Overseas Investment

China’s outbound direct investment (ODI) marked its first-ever decline in 2017, as Beijing reined in overseas acquisitions and growing regulatory hurdles emerged in the important U.S. market, according to data released this week.

The nation’s ODI plunged by 29.4% last year to about $120 billion, according to the Ministry of Commerce, (link in Chinese) marking the first decline for the figure since the government started publishing data in 2003. The figure does not include investments in the financial sector. The ministry cited government policies aimed at dampening “irrational investments” as a factor behind the decline.

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