China’s overseas investments hit a record high with $91 billion jump

Quick Summary:

Increase of more than 80 per cent from a year ago and the highest level since records began in 1998.

BEIJING – China’s overseas investment hit a record high as its companies look to build more factories abroad, potentially helping to ease criticism of Beijing’s export policies.

Leading the charge were companies in sectors where China is outpacing competitors, like electric vehicles and solar energy.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaIndonesiaMalaysiaVietnam

Topics: First Chinese Rhodium Companies Foreign Billion Investment China Sectors Investors Data

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 22:09:51 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 650 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 22794073

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