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
Topic |
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