August ODI rebounds after July decline

Growth marks recovery following Japanese quake, Libyan turmoil

BEIJING - Outbound direct investment (ODI) for August rebounded with "double-digit" growth year-on-year following July's sharp drop, the Ministry of Commerce said on Wednesday.

The rebound comes after the Japanese earthquake and tsunami, as well as political turbulence in Libya, hit ODI "in the short term", according to a leading ministry official.