One of the most high profile Chinese outbound investments of the past decade was Anbang Insurance Group investment in the iconic Waldorf Astoria hotel in New York. Photo: AFP
China’s overseas investment fell 10 per cent last year, as government crackdown on capital flight continues
- China’s outbound direct investment (ODI) fell 9.6 per cent to US$143.04 billion in 2018, according to the Ministry of Commerce
- Decline also comes amid crackdown on capital flight from Chinese authorities and marks second ever annual decline in China’s ODI
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China economy
One of the most high profile Chinese outbound investments of the past decade was Anbang Insurance Group investment in the iconic Waldorf Astoria hotel in New York. Photo: AFP
People walk past the headquarters of the Agricultural Bank of China in Beijing. New loans growth in China declined in August. Photo: AFP
China outstanding bank loans fell in August, backing new moves to boost credit to support economy
- The country’s commercial banks extended 1.21 trillion yuan (US$170.22 billion) of new loans in August, in line with expectations
- Aggregate financing, the broadest measure of credit support for the real economy, rose to 1.98 trillion yuan (US$278.22 billion) last month, well above expectations
Topic |
China economy
People walk past the headquarters of the Agricultural Bank of China in Beijing. New loans growth in China declined in August. Photo: AFP