China's non-financial ODI grows at slower pace

BEIJING - China's outbound direct investment (ODI) in non-financial sectors maintained growth in the first 11 months of 2012, although not as quickly as in previous months.

ODI climbed 25 percent year on year to $62.53 billion during the January-November period.

This was slower than the 25.8-percent expansion in the first ten months and 28.9-percent in the first three quarters, according to figures released Monday by the Ministry of Commerce.

Official figures showed investments went to 3,596 overseas enterprises in 130 countries and regions during the period.

According to the ministry, the accomplished turnover of China's overseas-contracted projects totalled $102.4 billion in the first 11 months, up 10.7 percent year on year.

Meanwhile, 406,000 Chinese were sent to work abroad under labor cooperation contracts.