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Business / Economy

'Rate hike will have limited impact on direct investment'

By Li Xiang (China Daily) Updated: 2015-09-18 09:36

Key takeways from 2014 ODI report

· Outbound mergers and acquisitions in the mining sector declined sharply by 47.7 percent to $17.91 billion in value from the previous year's $34.23 billion, which officials blamed on the global commodity market downturn.

· 74.7 percent of State-owned enterprises reported profit or managed to balance their outbound investment activities while 25.6 percent reported losses.

· Outbound investment by local companies surged by 50.3 percent to $54.7 billion, surpassing the total non-financial investment made by centrally administrated State-owned enterprises for the first time.

· Companies investing overseas paid total tax and duties of $19.15 billion to their host countries. Their investments created 833,000 jobs, of which 135,000 were in developed countries.

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