China’s non-financial outbound direct investment surged 53.7 per cent year on year to 882.78 billion yuan from January to September. Photo: AFP

Soaring costs force more Chinese firms to look overseas, as latest figures show ODI surges 53.7pc in year to date

Non-financial outbound direct investment from January to September hits 883 billion yuan, and experts suggest Africa is becoming a favoured location

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China’s non-financial outbound direct investment surged 53.7 per cent year on year to 882.78 billion yuan from January to September. Photo: AFP
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