BEIJING, Dec. 5 (Xinhua) -- China became the world's largest foreign direct investment (FDI) destination in the first half of 2018 and the Chinese enterprises have been more rational in their outbound investment, with state-owned and private enterprises "going global" hand in hand as a feature, according to a blue paper.
The blue paper was jointly issued by China's leading think tank Center for China and Globalization (CCG) and the Social Sciences Academic Press (SSAP), the publishing wing of the Chinese Academy of Social Sciences (CASS), on Monday.
It said that thanks to a series of investment attraction and facilitation measures, China surpassed the United States to become the largest destination for FDI globally in the first half of 2018.
Data showed that the outbound investment by Chinese enterprises totaled 158.29 billion U.S. dollars in 2017, falling for the first time in more than a decade, indicating that Chinese enterprises were more rational in outbound investment.
The paper pointed out that management of the Chinese enterprises' outbound investment has been increasingly improved, which has effectively fueled the healthy and orderly development of their outbound investment.
Europe, Asia and North America were the main destinations for investment by Chinese enterprises in 2017, taking up 39 percent, 23 percent and 23 percent, respectively, of Chinese enterprises' total outbound investment, the paper noted.
The paper also pointed out that the Chinese state-owned and private enterprises have gone global hand in hand, with respective advantages in investment amount and the number of investment objects.
With the further promotion of the Belt and Road (B&R) Initiative, countries along the B&R routes may remain the key areas for China's outbound investment, which is likely to expand from fields such as large infrastructure, energy and resources to tourism, e-commerce, cultural exchanges and other fields, predicted the paper. (Edited by Gu Shanshan)
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