Cayman one of top recipients of Chinese investment

(Peoplesdaily.com): China’s domestic investors from non-financial sectors made direct investments totaling 8.5 billion U.S. dollars in 974 overseas enterprises in 98 countries and regions around the world in the first quarter, said Yao Jian, spokesperson for the Ministry of Commerce, on April 19. Yao said that the cumulative outbound direct investments from China’s non-financial sectors reached 267 billion U.S. dollars at the end of March 2011. In the first quarter, China’s outbound direct investments mainly flew into Hong Kong, Australia, the Cayman Islands, Luxembourg, Iran, the United States, Singapore, Burma, Brazil, Cambodia and Laos. Direct investments in Australia and the European Union were up by about 150 percent. 

In the first quarter, 1.2 billion U.S. dollars of outbound direct investments were from mergers and acquisitions, accounting for 14 percent of the total. The merger and acquisition deals were primarily in the manufacturing sector.

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